GIVING PUBLICLY-TRADED
STOCK TO COR JESU ACADEMY
Using publicly-traded stock to make a gift to Cor
Jesu Academy can be a very tax-wise method of giving, especially
if the stock has appreciated in value since you acquired it. Giving
appreciated stock saves you tax dollars in two ways:
- First, you will receive an income-tax deduction
for the current value of the stock. This value is the average
of the high and low trading price on the transfer date.
- Second, you avoid paying the tax on the capital
gain of the stock.
HOW DO I GIVE PUBLICLY-TRADED
STOCK?
If the stock is currently held in a brokerage
account: Simply request that your broker transfer the
stock into the brokerage account of Cor Jesu Academy. Your broker
will require that you sign a document authorizing the transfer.
Cor Jesu's brokerage account information is:
A.G. Edwards & Sons, Inc. Account Number: 2193-3214
10369 Clayton Road DTC Number: 201
St. Louis, MO 63131 FBO: Cor Jesu Academy
Cor Jesu's Representative at A.G. Edwards: Charles
Galli (314) 991-7880
Cor Jesu Academy's Federal Tax ID Number: 43-0766432.
PLEASE NOTIFY COR JESU ACADEMY THAT YOU
HAVE MADE THIS TRANSFER.
Simply give us a call at (314) 842-1546 and ask for the Development
Office, or mail us a letter with the details.
If you have the stock certificates
yourself: Simply date and sign where indicated on the
back of each certificate. Then, send the certificates to Cor Jesu
Academy along with a "Relinquishment Letter" which has
your notarized signature. View a sample Relinquishment Letter here.
Download a
template
Relinquishment Letter and simply fill in the blanks. Sign
it in front of a Notary Public. The Relinquishment Letter should
accompany your certificates when they are delivered to Cor Jesu.
