Gifts of Securities
By donating shares of appreciated securities, you may realize significant tax benefits while making a much needed contribution to the Berean Beacon. Gifts of individual stocks or mutual funds that have increased in value allow friends to generously support our mission of reaching Roman Catholics in a world of compromise while also receiving significant tax advantages at the same time.
If you decide to gift securities that you have held for more than one year, not only will you receive a charitable deduction for the full value of the shares on the date of transfer, but you will avoid paying capital gains tax on the appreciated value of the donated shares. Giving in this way makes a maximum impact as the IRS has granted the Berean Beacon charitable tax exempt status and we are not required to pay taxes on the sale of securities we own.
To help ensure a smooth transaction, please follow these simple instructions:
- You will need to provide your banking/broker representative with the Berean Beacon’s account number at Morgan Stanley (142-052332-004) and the Morgan Stanley DTC number (0015). You may also may need our tax ID number (93-1102945).
- You or your representative should also contact our Planned Giving Administrator via email: firstname.lastname@example.org This will alert us of your donation, help us attribute and receipt your gift, and properly offer you our thanks.