Benefits
Donating stocks can bring you tax benefits while helping neighbors facing homelessness, hunger, and other crises. Gifts of securities which have gone up in value since their purchase can provide additional benefits:
- You receive a charitable income tax deduction equal to the fair market value of the securities if they have been held longer than one year.
- You avoid capital gains tax.
Stock Donation Instructions
1. Stocks arrive at our brokerage without donor information. Let us know your gift is coming by contacting Noreen Flewelling at noreen@cathedralkitchen.org or (856) 964-6771, ext 126.
2. Ask your broker to transfer your stock gift to Cathedral Soup Kitchen’s account at Wells Fargo:
- DTC Number: ___
- Agent Bank: ___
- Account Number: ___
- Account Name: ________– Operating Account
- Wells Fargo Contact: NAME, EMAIL or PHONE
- Please instruct your broker to add your name to the transaction so that we can notify you promptly
3. We will send you a letter acknowledging the gift, which may be used as a tax receipt. If you need further assistance, please contact Noreen Flewelling, Senior Development Director, at 856-964-6771, ext 126.
