Stock/Mutual Fund Gifts

1. What are the first steps to take to make a donation of stocks or mutual funds to the Military Archdiocese?

If you have held the stocks you wish to donate for more than 12 months, and if the stocks have appreciated in value since you purchased them, you must transfer the shares to the Archdiocese for the Military Services without selling them first. (You will donate the shares, take a charitable deduction at their gift-date value, and pay no capital gains tax.) If the stocks have decreased in value, see #4 below.

2. My broker handles all my transactions. What must he do to transfer the gift of stock?

Contact your broker and tell him/her you wish to transfer the stocks to the Archdiocese’s brokerage account, (He/she will probably send you a form to complete and sign.)

Provide your broker with the following information:

Financial Institution Name: Financial Network Investment Corporation
Contact Name: Mr. Andy Didden
Address: 2870 Skypark Drive, Suite 38
Torrance, CA 90505
Telephone Number: (202) 546-9310

D.C.T. Number: 0443
Brokerage Account Title: Archdiocese for the Military Services
ATTN: Development Office
P.O. Box 4469
Washington, DC 20017-0469

Brokerage Account Number: 5FN-237849

Contact the Archdiocese’s Development Office at (202) 719-3622 or at support@milarch.org. A letter acknowledging your gift will be provided to you for tax purposes.

3. I don’t use brokers and have the stock certificates in hand. What do I do to transfer them to the Military Archdiocese?

On the back of the certificate(s), on the blank line after the words constitute and appoint, write Archdiocese for the Military Services, then sign and date the certificate(s). Include a short letter to the Director of Development of the Archdiocese for the Military Services, and indicate that you "relinquish rights to the (stock name) in favor of the Archdiocese for the Military Services."

4. My shares are now worth less than what I paid for them –what is my course of action?

Sell the shares and donate the proceeds to the Archdiocese. Take the loss as a tax deduction, and use the gift of the proceeds as a tax-deductible charitable contribution.

5. I will be making a gift of mutual funds – how does that transfer process differ?

Call Andy Didden first, at (202) 546-9310. He will indicate whether the mutual fund shares can be transferred directly. (Only a few cannot, but please check first.) If shares are transferable, continue as indicated above for gifts of stock. If shares are not transferable, contact the Development Office at (202) 719-3622 or at support@milarch.org to discuss other options.