Donating stock or securities

Donating appreciated stocks that have been held for more than one year can be a wise philanthropic decision. This gift enables you to make a significant gift to the Sisters of the Holy Cross, receive a charitable donation deduction on your income taxes, and bypass capital gains taxes.

Steps to Donate Stock

It is vital that you donate the stock itself—DO NOT sell it first and donate the cash proceeds.

1. Before beginning the transfer (even if you have donated stock in the past), first contact the Development Office:

  • 574-284-5641 or
  • development@cscsisters.org

2. We will send you the instructions to provide to your broker that includes:

  • Congregation’s account number;
  • Account name;
  • All relevant information to complete the transfer. 

You may also have your broker contact us directly for the instructions. 

3. When the transfer is complete, the Development Office will send you a receipt for your tax records.

Please note: Especially at the end of the year, the process can take longer due to the volume of transactions taking place at brokerage houses, so please allow for extra time if making a gift at year-end. The IRS considers the gift date for tax purposes to be the date of irrevocable transfer, not the date you started the process or gave instructions to your broker. Please allow even more time for Mutual Fund transfers.