Donating Stocks

Gifts of securities such as stocks or mutual funds afford donors an attractive means of giving to Abundant Life Christian Fellowship. Donors receive a tax deduction for the market value of the securities, computed on the day of their transfer, while avoiding payment of capital gains on the stock's appreciated value. Donors of stock are encouraged to consult their brokers or advisors. Following are the ways that stock or mutual fund gifts can be made:

 

ELECTRONIC DELIVERY

If the securities are held by your bank or broker, it is usually best to transfer them electronically via the Depository Trust Co. (DTC) system:

1. E-mail Business Operations and provide the following information:

  • Your name and address

  • The name and ticker symbol of the security

  • The number of shares

  • The purpose of your gift

If you have any questions about the donation process, you may contact Business Operations by phone at 650.625.1500, x122 or use the email link above.

 

Due to privacy concerns, your name is not transmitted by your brokerage to ALCF to identify you as the donor. For ALCF Accounting to identify you as the donor for IRS purposes, we rely solely on you contacting us with the gift information above.

 

2. Contact your broker and instruct them to transfer your gift via DTC to our account at Charles Schwab & Co. The details are:

Charles Schwab & Co.

DTC# 0164, Code 40

Account Name: Abundant Life Christian Fellowship

Account Number: 4708-9731

Abundant Life Christian Fellowship Tax ID Number: 77-0013414

 

MAIL DELIVERY

If you hold the securities in certificate form, you will need to complete Schwab’s third-party release form. Then, bring the form and the stock certificates to a Schwab branch. If you need personal assistance, please contact:

Eddy Wang

Charles Schwab and Co., Inc.

Vice President, Financial Consultant

Sunnyvale Branch

408.522.3006