While we recommend you consult your financial advisor before making a gift, stock transfers are simple to make and will provide you with the satisfaction of supporting our many Sisters preaching and teaching the Truth to all whom they encounter.
Benefits of donating appreciated stock:
- Taking a charitable deduction equal to the market value of the donated shares for those itemizing deductions.
- Locking in investment gains prior to any potential stock market down-turn without having to pay capital gains tax.
- Using the donation to establish a Charitable Gift Annuity to generate income to you for the rest of your life.
If your stock has depreciated in value, selling your stock and donating the proceeds to the Dominican Sisters of Mary may allow you to take a capital loss and a charitable tax deduction.
Contact us for transfer instructions or for more information:
(734) 930-4233 | [email protected]