Church of the Holy Apostles
Thursday, February 23, 2012
Church of the Holy Apostles is Disciples Making Disciples.

STOCK DONATIONS
Contributing to COTHA through transfers of stock may provide you with two tax advantages. As with any donation, you may be able to take a charitable deduction for the value of the stock on the day you donate it. In addition, if the stock has appreciated in value you may not need to report that increase in value as capital gains income provided you donate the stock directly to COTHA rather than selling it and donating the proceeds. Of course you will need to consult your own tax advisor for the applicability of these advantages to your own situation.

Transferring stock to COTHA
COTHA has an account with the stockbroker listed below. Please note that stock gifted to COTHA is sold immediately upon receipt. The value of the donation is taken as the midpoint of the high and low prices of the stock on the day that it transfers into COTHA's account. The accounting department will calculate this for you and provide you with the appropriate documentation of the value of the donation. Stock may be transferred into COTHA account either electronically or by certificate.

Electronic Transfer
A donor may have stock transferred electronically by giving their broker the information . Click here for a sample letter.

Stock Certificate Transfer
A donor may give stock certificates to the Church by taking the certificates to the broker and signing them over to the Church using the account information given below.

IMPORTANT
On or before the day that the stock has been transferred, please notify Donna Matthews either by phone at 281-392-3310 or by email at donna@holyapostles.cc
INDICATE:
1) the broker the stock transferred to,
2) the name of the stock,
3) how many shares were transferred
4) and what you want the proceeds to be used for (e.g. for your pledge or for some other recognized purpose).
NOTE: You will receive a letter from COTHA acknowledging your gift. This letter may be needed when filing your taxes.
The Bank of New York
ABA: 021000018
The Beneficiary is Pershing LLC, Beneficiary Account: 890-051238-5, DTC#0443
The Ultimate Beneficiary is the Church of the Holy Apostles. For the Church of the Holy Apostles Account Number, please contact Donna Matthews our Church Business Administrator at 281-392-3310.