Gifts of Appreciated Securities
Giving stock or other appreciated securities can generate a charitable deduction.
Donors receive a charitable deduction for the fair market value of the securities gifted (that you have held for more than one year), no matter what you originally paid for them. The donor will pay no capital gains tax on the securities gifted. Consult your tax advisor for application of these laws to your personal tax situation.
Gifts of Stock or Mutual Fund Shares
Most securities transfers are handled electronically from your brokerage account directly to ours. If you need to gift securities in certificate form, please contact the Finance Division of Bible Study Fellowship at firstname.lastname@example.org for further instructions.
Below is the information you should provide to your brokerage firm to initiate an electronic transfer of shares:
Donaldson Lufkin Jenrette/Pershing Division
Account #: 06H-097989
Account Name: Bible Study Fellowship
Transfers of mutual fund shares may require your broker to contact ours. Our broker’s contact information is:
Aspect Wealth Management
9311 San Pedro Ave.
San Antonio, TX 78216
(210) 268-1520 or (877) 702-7732
Fax (210) 268-1560 Fax
Contact: Mr. Michael Clark
Because we do not receive any donor information from our broker regarding the source of the gift, we request you send a separate letter or email with your name and contact information (for tax receipt purposes), as well as the exact number of shares and name of the company whose securities you have gifted to:
Bible Study Fellowship
Attn: Finance Division
19001 Huebner Rd
San Antonio, TX 78258
A receipt acknowledging your gift will be issued after receiving your letter and the transferred securities.
If you would like to designate your gift to the International Fund, Translation/Multilingual Fund or Building Fund, please indicate so in your letter or email.
Information on gifts of securities to BSF Canada is located here.
Gifts of Other Appreciated Assets
The tax benefits of giving appreciated assets are not limited to stock. You can also give other appreciated assets such as:
- Mutual funds
- Real Estate
- Business Interests
- Private C-Corp stock
- S-Corp stock
- FLP or LLC shares
- Mineral rights
- Gold and Silver
So, if you’re thinking of selling any appreciated assets and you want to give back to the Lord through BSF, our Legacy or Planned Gift partners can assist you in developing the best plan of stewardship for your gift.