Gifts of publicly traded securities, such as stocks and bonds, are accepted by the Catholic Community Foundation of San Diego. The securities may be given so that the donor qualifies for a tax deduction equal to the fair market value of the donated assets while avoiding capital gains tax on the donated assets. The Foundation will work with you to facilitate the donation of both marketable and closely held securities. Donors whose gifts are matched by a company will receive credit for the matching amount.
On behalf of the Catholic Community Foundation of San Diego, thank you for your generosity to charitable causes and for inquiring about our stock donation process. The Catholic Community Foundation of San Diego has the responsibility for handling donations of stock.
Step 1 – Establish Communication Between Your Broker and the Foundation’s Broker
Typically a donor can have their broker contact the Foundation’s broker at Merrill Lynch to facilitate the transfer. The information that they will need is as follows
Direct line: 760-930-3116
Phone number: 800-844-0720
Fax #: 760-670-3550
Registered Client Associate
The donor’s broker can easily transfer the shares into the account titled: Catholic Community Foundation of San Diego. The shares will then be sold and the Foundation will notify the donor of the valuation for tax purposes. Additionally, the proceeds from the stock donation (net of selling costs) will be deposited at the Foundation.
Step 2 – Complete Donation Form
Download and fill out the stock donation below by clicking the Stock Donation Form button at the bottom of the page.
Be sure to enter the percentage designation of the donation where indicated.
Step 3 – Return the Completed Donation Form to the Foundation using one of the methods below:
Catholic Community Foundation of San Diego
4747 Morena Blvd., Ste. 300
San Diego, CA 92117
By providing complete information, the Foundation can better track these gifts and prevent delays in acknowledging the donation.
Please keep the following things in mind when sending in stock donation requests:
- For tax purposes, the value of the securities being donated is based upon the average of the high and the low price of the securities on the date the securities are transferred to the Foundation in accordance with IRS guidelines.
- The longest lead time incurred is usually in transferring the stock from its current broker to the Foundation’s designated selling broker. Typically, stock is sold either on the day it is received or on the following business day.
- Donors will receive an acknowledgment letter from the Catholic Community Foundation of San Diego within four weeks of transferring their shares to Merrill Lynch.