Securities

Securities (Stocks and Bonds) is another way that parishioners give to their parish. Gifts of highly appreciated securities have a significant tax advantage. You will not have to pay any taxes on the appreciation on the securities. And you can claim the value of your appreciated securities as a deduction on your taxes. Gifting Securities  how to’s.

Gifting Securities

To gift securities to Assumption B.V.M. Parish your broker or financial advisor will want you to sign a letter of intent with information regarding what securities you want to gift, to whom the securities will be gifted, where to send the securities, etc. The brokerage may have their own form for you to sign. For an example of such a letter with the pertinent information to gift securities to Assumption B.V.M. Parish please refer to the document below Gifting Securities Letter to Brokerage.

Send a message to the Diocese and the Parish alerting them that they will be receiving the securities and instructing them on your wishes for distribution. The Archdiocese will receive the securities in their account with McCloskey Financial Group Wells Fargo Securities and will instruct Wells Fargo to sell the securities. The Archdiocese will then have the cash distributed per your wishes and send you a confirmation message regarding the sale of the securities and the sales price. For an example of such a message go to Gifting Securities Letter to Archdiocese.

If you have any questions or need more information contact us at Assumption B.V.M. Parish, 300 State Road, West Grove, PA 19390 or ask for Mary Rose Edmonds at 610-869-2722 or at ABVM@comcast.net.