Gifts of securities either held by your bank or brokerage or held by you offer significant tax advantages and are easy to make.
Securities Held by Your Bank
In order to avoid unidentified gifts, please copy Elizabeth Massie (Fax: 804.358.1286 or email: firstname.lastname@example.org) on any correspondence with your brokerage or bank.
1. Provide written gift instructions to your bank or broker.
A sample instruction letter might read:
Per our recent telephone conversation, I wish to make an irrevocable gift to Needle’s Eye Ministries, Inc. Annual Giving of “x” shares of “XYZ” Corporation. Please transfer the stock to Needle’s Eye Ministries, Inc. via DTC as follows:
Needle’s Eye Ministries
Attn: Elizabeth Massie
2. Please send a copy of this correspondence to:
Director of Annual Giving
Needle’s Eye Ministries, Inc.
104 Berrington Court
Richmond, VA 23221
Securities Held By You
If you hold a stock certificate, please send it to us with a stock power form. For safety and simplicity, you should send the certificate and stock power form separately.
Send your certificate(s) without any endorsement, assignment, or other notation to: Elizabeth Massie Director of Annual Giving Needle’s Eye Ministries, Inc. 104 Berrington Court Richmond, VA 23221
Enclose a letter stating Annual Giving as the purpose of your gift.
Download and print out a stock power form, one for each separate security, if applicable.
Sign the stock power exactly as your name appears on the certificate and leave the rest of the form blank.
Mail the signed stock power in a separate envelope, along with a copy of the letter that accompanied the certificate, to the address above.
Note: Your gift is valued on the day that the stock is received. Gifts of securities that are held for more than one year may be deducted at the full market value.