other methods of support
Bequest in a will or trust
What is it?
A bequest is a gift of property or assets in a will or trust to a beneficiary. This is the easiest and most common way for many of our supporters to make a planned gift.
How does it work?
You can make a bequest to Dear Neighbor Ministries by naming us in your will or trust. Because specific language is required for this type of gift to be effective, and to ensure the appropriate estate tax treatment, please see your lawyer to make sure your wishes are carried out. An example of such a bequest is:
I give and bequeath the sum of _________ dollars ($_________) to the Sisters of St. Joseph Dear Neighbor Ministries, to be held or expended as determined by the governing board of such charity, without restriction.
What is my benefit?
By donating property in your will or trust, you not only experience the joy of giving but also the potential benefit of your estate claiming an estate tax deduction upon your death.
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 |
