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An outright gift of appreciated marketable securities is an attractive method of giving to SAMS. With long-term appreciated securities (those held longer than 12 months) you receive a charitable income tax deduction for the full fair market value of the gift. You avoid paying capital gains tax on the appreciation and you make a difference for the Kingdom of God at SAMS with your generous gift. It is fairly simple to make a gift of stock or give shares of a mutual fund. If interested, please see the directions below.
Procedure to Transfer Securities to SAMS
Brokerage Name: Charles Schwab
Account Name: SAMS
SAMS' Federal Tax ID number (if needed): 04-2647396 Please e-mail, fax, or mail SAMS the following information so that we can identify your gift and send you a confirmation for your records.
You can e-mail this information to:
Ron Kramm at SAMS. For tax purposes, the date of the gift is the date we have control of the securities. If you use the DTC system, this is the date the shares are actually in our account. If you mail certificates, it is the mailing date. If you have any questions please call Ron at (724) 266-0669. |
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