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Gifts of stock are a wonderful way to remember St. Mary's Academy in your charitable gift planning. When you donate stock, you avoid capital gains tax on your stock investment.
The following are helpful tips for making a gift of stock to St. Mary's Academy:
Helpful Tips:
- Please notify St. Mary's Academy of your intention to transfer a gift of stock, by calling Director of Development Margueritte Kim at (503) 228-7181.
- The easiest form of gifting shares is a "wire transfer" between brokerage accounts.
- St. Mary's can provide an Authorization for Transfer Gift of Securities form for you to use to direct your broker to perform the transfer of shares between accounts.
- When a certificate is involved — DO NOT endorse the back of the certificate. Please complete a Stock Power form, then mail the form and certificate under separate cover for security to St. Mary's for processing. If you have signed the back, you will need to complete a "Third Party Release" form and have your signatures "guaranteed" at any bank or brokerage firm. Again, mail form separate from the certificate for security. Please contact your broker for assistance with these forms.
An acknowledgment letter will be mailed to you from St. Mary's. Your tax liability is reduced by the value of the gifted shares on the date they are received.
If you have questions about annual or endowed scholarships, or other types of contributions to St. Mary's Academy, please feel free to contact St. Mary's Director of Development Margueritte Kim at (503) 228-7181.
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