Gift of Securities

There are many ways that our donors can choose to help support Glenmary and its ministry in the years to come. One of those methods includes making a gift of appreciated securities.

Gifts of appreciated securities provide certain tax benefits while furthering Glenmary’s work. When you donate stock to Glenmary, you claim a charitable deduction for the fair market value (up to 30 percent of your adjusted gross income) of long-term (owned more than one year) appreciated securities. Any unused deduction can be carried over for five years. 

In addition, you avoid the capital gains tax due if you sold the stock and you may save current income for day-to-day needs because a gift of stock does NOT come out of your cash flow. The donated asset is generally removed from your taxable estate and as a result, there are additional tax savings for your heirs.

If the stock you hold has decreased in value, it is better to sell the stock and donate the cash to Glenmary. In this case, you can use the loss on the sale to reduce taxable income.

There are two methods of donating securities to Glenmary Home Missioners. Either is acceptable, but it is necessary for you to contact your broker to initiate the transfer.

Wire Transfer of Securities

Mailing of Securities

Regardless of the delivery method chosen, the donor or the transferring broker must provide the following information regarding a gift(s) of securities for audit and acknowledgement purposes:

• Donor's name and complete address
• Name and number of securities transferred
• Date of transfer
• Specific program to which the gift should be directed, i.e. charitable gift annuity, etc.

Legal information you will need

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