Dear Neighbor

Return to StepStone
Return to Dear Neighbor
Return to Sisters of St. Joseph

Gifts of appreciated securities or mutual fund shares

Gifts of appreciated securities or mutual fund shares can be a very effective and tax efficient way to support the charitable works of the Sisters of St. Joseph Dear Neighbor Ministries. Gifts of appreciated securities and mutual fund shares are often deductible for income tax purposes. Furthermore, giving appreciated securities or shares can allow you to avoid paying capital gain tax on the donated securities. You will still obtain the full income tax deduction for your donation based on the market value of the securities or shares at the time you give them. Once received, the sisters may then sell the securities or shares without incurring any income tax on the sale.

While Dear Neighbor Ministries is willing to consider gifts of closely held stock or other interests (for example, interests in companies and partnerships not traded on a public exchange), such interests present unique challenges and potential problems for them. For this reason, any proposed donations of closely held interests are carefully reviewed and will be accepted infrequently.

How to transfer stock gifts

For transfer directly to our broker:

Merrill Lynch DTC # 5198
Account # 662-96220

Our account representative is:

Bob Moore
Merrill Lynch
2959 N. Rock Road
Wichita , KS 67226
316 - 631-3507

When you make a gift of stock directly to our broker, it is a good practice to notify the Sisters of St. Joseph mission advancement office. This helps insure your gift is recorded and recognized in a timely manner.

Executive Director of Mission Advancement:

Patrick T. O'Donnell
3700 East Lincoln
Wichita, Kansas 67218-2099
316-689-4061
podonnell@csjoseph.org