Gifts of Stock
A gift of stock can provide much-needed support for St. John's Community Services crucial services and offer you financial benefits as well. If you have owned the securities for more than one year and itemize deductions, you may be entitled to an income tax deduction for the full market value of the securities. With a gift of securities to St. John's Community Services, you also may avoid any capital gains taxes that would be due if you sell the stock.
If you are ready to make a gift, there are several ways to transfer securities to St. John's Community Services: electronic transfer, mailing certificates, or hand delivery.
ELECTRONIC TRANSFER is a secure and efficient way to donate securities to St. John's Community Services. If your stock is held at a broker, notify the broker that you wish to make a gift of securities to St. John's Community Services. Identify the name of the stock and the number of shares you wish to donate. Your broker will need written authorization from you before the transfer can be made. Once you have authorized the transfer, ask your broker to contact the St. John's Community Services’ Development Department at 202-274-3405 for complete transfer instructions.
MAIL OR HAND DELIVERY is useful if your stocks are not held at a brokerage firm. If mailing, send the unendorsed certificates of stock and a cover letter stating the securities are a charitable gift to St. John's Community Services. Include your name and full address in the letter. In a separate envelope send a signed, signature guaranteed stock power of attorney in blank for each certificate of stock. Stock powers of attorney are available from local banks or by calling the Development Department at SJCS.
Certificates of stock may be hand delivered to the attention of the Development Department at St. John's Community Services. Mail or deliver these documents to: St. John's Community Services, 2201 Wisconsin Ave., NW, Suite C-150,Washington, DC 20007.
We highly recommend that you use registered mail to send these documents.
DATE OF CONTRIBUTION FOR TAX PURPOSES: The date of the contribution for an electronic transfer of stock is the date the transfer is complete. This may differ from the date you instructed your broker to transfer the stocks. The date of the contribution for stocks sent by mail is the date of the mailing. If the stocks are delivered in person, then the date of delivery is the date of the contribution.
For more information on making a gift of stock to SJCS, please feel free to contact the Development Office at 202-274-3406 or mcovarrubias@sjcs.org.
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