Securities

Gifts of Appreciated Securities (stocks, bonds, and mutual funds)

 
 Support ministries with a gift through the ELCA Foundation

Gifts of appreciated securities (stocks, bonds, and mutual funds) are a great way for you to give more to the ministries of the church.   

One gift to many ministries
By transferring securities into an ELCA account through the ELCA Foundation, you will be able to make multiple gifts to various ministries of this church.  One transaction can distribute gifts in your name to your local congregation, your synod, and churchwide ministries.  A gift of securities can also be used to fund a planned gift.

Tax advantages
You are eligible to take a deduction for the current market value on the date of the gift and avoid capital gains tax.  In order to take a deduction for gifts of securities at their current value, you must have owned the securities for at least one year and a day. Such gifts are deductible up to 30 percent of their adjusted gross income in the year of the gift.

Making a gift
Please notify the ELCA Foundation [800/638-3522, ext. 2970] in advance of any securities transfers.  This will enable us to help you through the process and prepare our brokers for the delivery of your gift.  For further information about a gift of securities,  select one of the following options: 
 

Gift of Stock through electronic (DTC) transfer
The donor should inform his/her broker in writing that they wish to electronically transfer (DTC) stock to the Evangelical Lutheran Church in America account at Wachovia Securities by completing the transfer form. Donor’s broker may require the signature(s) be Medallion Guaranteed.

The donor should send an application or letter of instruction to the ELCA Foundation that includes number of shares and name of stock being transferred, home address and distribution of funds. 

Gift of Stock Certificates 
Instructions for making gifts of stock certificates.

Gifts of Mutual Funds, Bonds, or Stock Held in a Dividend Reinvestment Plan or Book Entry 
The ELCA Foundation is pleased and ready to accept gifts of mutual funds and bonds.
Please call the ELCA Foundation at 800/638-3522, ext. 2970 or e-mail us to discuss your gift and receive further instructions.


Here to help
If you have any questions, please call one us at 800/638-3522, ext. 2970.

The examples and information on this page are for illustrative and educational purposes only and should not be considered tax or legal advice. Please consult with your tax or legal advisor before proceeding with your estate plan.