Asset-Based Giving

Asset-Based Gift; Donating Stocks and other Securities

Many of us only think of giving cash to the church, but did you know that you can give stocks, mutual funds, and other securities directly from your brokerage or mutual fund account? If you have appreciated securities, consider giving these to the church, instead of selling them to give cash; when you do, you may actually save yourself from paying capital gains tax on that sale, and you’ll get an immediate tax deduction. Not only is that good stewardship, but it is tax-wise as well.

How it Works

  1. You transfer securities to The Shoreline Church (Download a form with instructions here).
  2. The Shoreline Church sells your securities and uses the proceeds for its ministries.

Benefits

  • You receive credit for the donation and an immediate income tax deduction for the fair market value of the securities on the date of transfer.
  • You pay no capital gains tax on the securities you donate.

Step 1: INITIATE TRANSFER

There most common method of gifting securities to The Shoreline Church is electronic transfer (link ACH for securities) through which your broker can transfer shares using the Shoreline Church’s brokerage account DTC # below:

DTC # 0226 ; National Financial Services (NFS)

Account Name: The Shoreline Church of San Clemente (Tax ID# 33-0908893)

Account Number: JW1-204028

You will want to give the above information to your brokerage firm or mutual fund company, and let them know which securities you wish to donate.

Step 2: NOTIFY THE SHORELINE CHURCH

Call Judi at 949-369-7283, or e-mail her at judi@theshoreline.org to communicate the information below when you are ready to initiate the asset-based donation:

Donor’s full name and complete address

Name of stock/mutual fund

How many shares/units are being transferred

Expected date of transfer