Appreciated securities and mutual funds can be a tax-smart way to support the cause of faith freedom for all.
If you have purchased, inherited or earned stock that has increased in value, this may be a good time to make a gift of stock to BJC. Donations of publicly traded securities that have appreciated in value may allow you to avoid capital gains taxes while also receiving a tax deduction for your gift. To maximize your tax benefits, consider choosing shares that you have held for one year or longer.
If you would like to make a gift of securities to BJC — such as stocks, bonds or mutual fund shares — there is a simple, straightforward process to follow.
- Contact your stockbroker
You can contact your stockbroker and ask to initiate a “broker to broker” transfer. Instruct your broker to donate securities to Baptist Joint Committee for Religious Liberty.
The following are the DTC instructions for transfer of securities to BJC’s brokerage account.
Account Name: Baptist Joint Committee for Religious Liberty
DTC Number: 5198
Brokerage Firm: Merrill Lynch
Broker’s Name: Doug Grantham
Brokerage Address: 1152 15th St. NW, Suite 6000, Washington, DC 20005
Brokerage Phone: 202-659-6066
BJC Tax ID: 53-0214244
- Notify BJC
When possible, we ask that you please notify Danielle Tyler at [email protected]. Send us your name, the name of stock(s), number of shares, and name of your brokerage firm so we may monitor our account for the expected transfer and process your gift accurately.
- Receive additional assistance
If you have any questions about the process or need additional assistance, please contact BJC Associate Director of Development Danielle Tyler at [email protected].
Please allow extra time at year-end to ensure timely receipt of securities for tax purposes.
As with all charitable giving, we urge you to consult your own tax, legal and financial advisers before engaging in any transaction to determine the tax benefits as allowed by the IRS.