Thank you for considering the donation of stock to St. John’s. Please follow the procedure outlined below, and contact the financial administrator with any questions.
- Advise the financial administrator of your plans (tentative or definite) to donate stock two to three weeks before the actual donation. Our policy is to sell donated stock immediately upon receipt, so we need to know of your plans ahead of time to make arrangements to do so, in case the financial administrator will be out of the office when your donation arrives.
- Your parish account will be credited as of the date the church receives the stock. The per-share value of the gift will be determined by the average of the shares’ published high and low prices for the day of receipt. (It is our understanding that this value is also applicable for Federal tax purposes.)
- Your broker will need to fill out a charitable donation form when transferring the stock. They will also need send you a charitable donation statement at the end of the year for tax purposes.