St. Elizabeth Seton Catholic Church welcomes all stock and mutual fund transfers, with no minimum requirements.
Gifting stock held more than 12 months offers a two-fold tax savings. First, you avoid paying capital-gains tax on the increase in value of your stock. Additionally, you receive a tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent vehicle to make a donation from appreciated substantially in value.
How to Give Stock to St. Elizabeth Seton Catholic Church
Stockbrokers generally require written instructions when transferring stock. You will need to give the following delivery information to your broker to make a gift to St. Elizabeth Seton Catholic Church.
Brokerage Firm: D.M. Kelly & Company
3900 Ingersoll Avenue, Suite 300
Des Moines, IA 50312
Contact: David Lorbiecki
Phone: (888) 400-1051 or (515) 221-1051
For the benefit of: St. Elizabeth Seton Catholic Church
Account #: 8227-0742
DTC #: 0141 (only needed for stock transfers)
Federal ID #: 42-1152312
How to Give Mutual Funds to St. Elizabeth Seton Catholic Church
Please contact St. Elizabeth Seton Catholic Church before requesting a mutual fund transfer from your broker. Mutual fund transfers are more complex than stock and require additional processing time.
It is important to notify St. Elizabeth Seton Catholic Church when you have requested a stock or mutual fund transfer with your broker to ensure that you receive the appropriate tax credit information. Please contact St. Elizabeth Seton Catholic Church at 515-989-0695.