Gifts of stocks and bonds offer many benefits. You can receive a charitable income tax deduction and avoid paying capital gains tax on the sale of appreciated stock.
The method of transfer depends on how you currently hold the securities. If you have a paper certificate, your gift can be mailed or hand delivered.
The certificate, along with a letter of instruction regarding the purpose for which the gift is to be used, may be mailed or hand delivered to the following address:Christian Network Foundation
We recommend that you use registered or certified mail to send the certificate. In a separate envelope, please mail a signed Stock or Bond Power. The Stock or Bond Power can be obtained from your broker or from the Foundation. Please contact us at 913-577-2983 for the form.
If the security is held in a brokerage account, your gift can be transferred electronically.
The Foundation maintains accounts at several major brokerage houses. If the Foundation has an account at the same broker as where the security is held, it can be transferred internally. Please contact us at 913-577-2983 to determine whether the Foundation has an active account at your brokerage house. Transfers can be made into the Foundation’s main brokerage account from any account in the country by using the following instructions:Christian Network Foundation
Any electronic transfer should be accompanied by written notice to the Foundation with the following information:
This notice may be mailed to the address above or may be faxed to 913-577-0898.
The process for giving mutual fund shares varies by company, so please contact the Foundation at 913-577-2983 for specific instructions.
The Foundation will issue you a tax receipt for your gift of securities.
If you have questions, contact us at 913-577-2983.