Securities
Gifts of Appreciated Securities (stocks, bonds, and mutual funds)
Gifts of appreciated securities (stocks, bonds, and mutual funds) are a great way for you to give to the ministries of the church.
One gift to many ministriesBy transferring securities into an ELCA account through the ELCA Foundation, you will be able to make multiple gifts to various ministries of this church. One transaction can distribute gifts in your name to your congregation, your synod, and churchwide ministries. A gift of securities can also be used to fund a
planned gift.
Tax advantages
You are eligible to take a deduction for the current market value on the date of the gift and avoid tax on capital gain. In order to take a deduction for gifts of securities at their current value, you must have owned the securities for at least one year and a day. Such gifts are deductible up to 30 percent of their adjusted gross income in the year of the gift.
Making a giftPlease notify the ELCA Foundation [800-638-3522] in advance of any securities transfers. This will enable us to help you through the process and prepare our brokers for the delivery of your gift. For further information about a gift of securities, please select one of the following options:
Gift of Stock through electronic (DTC) transferThe donor should inform his/her broker in writing that they wish to electronically transfer (DTC) stock to the Evangelical Lutheran Church in America account at Wells Fargo Advisors by completing the
DTC Transfer Authorization Form #1. The donor's broker may require the signature(s) be Medallion Guaranteed.
The donor should send a gift application or letter of instruction to the ELCA Foundation that includes the number of shares and name of stock being transferred, the donor's home address, and instructions for the distribution of funds.
Gift of Stock Certificates Instructions for making gifts of stock certificates.
Gifts of Mutual Funds, Bonds, or Stock Held in a Dividend Reinvestment Plan or Book Entry The ELCA Foundation is pleased and ready to accept gifts of mutual funds and bonds.
Please call Shawn Greene at 800/638-3522, ext. 2976 or
e-mail her to discuss your gift and receive further instructions.
Here to helpIf you have any questions, please call one us at
800/638-3522.
The examples and information on this page are for illustrative and educational purposes only and should not be considered tax or legal advice. Please consult with your tax or legal advisor before proceeding with your estate plan.