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Gifts of Stock

How to give stock

Donating appreciated securities, held for more than one year, instead of cash avoids all capital gains taxes regardless of whether or not you itemize. To preserve the tax advantages of donating stock, you must transfer the shares directly to us. Do not sell the stock. Kindly notify Margaret Hughes, Director of Individual & Planned Giving, to expect your gift by calling (312) 655-7012. 

If your broker holds the shares, please request a transfer to our broker, Northern Trust DTC #2669 for credit to Catholic Charities account #44-81515. If your broker needs assistance from our broker, he is Mr. Ioannis Dheffos at (312) 557-0825.
       

If you hold a stock certificate issued in your name, please contact Margaret Hughes to request a stock power for your signature. Your signature must be medallion guaranteed by an eligible guarantor institution, such as your bank or brokerage house. Do not sign the back of the certificate. Ask us to pick up the certificate and stock power, or send them separately to Catholic Charities, Development Department, 721 N. LaSalle, Chicago, IL 60654.

If you hold "book-entry" shares of stock in a Direct Registration Account (DRS) or through a Dividend Reinvestment Program (DRIP) with a transfer agent such as Computershare, BNY Mellon, or another agent, they cannot be transferred electronically via DTC. Instead, you should obtain a transfer form from the transfer agent's web site. Complete your portion and send it to Catholic Charities, Development Department, 721 N LaSalle, Chicago, IL 60654. We will complete our portion and send it to the agent to receive your shares. Contact Margaret Hughes for assistance.

How to give mutual funds

Mutual funds that you hold in an account at the fund company cannot be transferred electronically via DTC. Please obtain a transfer form from the fund company. Complete your portion and send it to Catholic Charities, Development Department, 721 N LaSalle, Chicago, IL 60654. We will complete our portion and send it to the fund company to receive our shares in a Catholic Charities account which will be opened at the fund company. Contact Margaret Hughes for assistance.

Your donation receipt

The dollar value of your gift is based on the average share price on your gift date. For electronic transfers, your gift date is the date that our account received the shares. For stock certificates, the gift date is the pick up or delivery date.