Thank you for your interest in supporting Greensboro Urban Ministry (GUM) through a stock donation. Appreciated securities are perhaps the most cost-effective assets to use in making a gift. When you transfer ownership of long-term holdings to GUM, you receive a charitable deduction for their full market value — and you incur no capital gains tax (subject to IRS deduction limits).
Because electronic transfers are made without identifying the donor, please alert us in advance about the stock and number of shares you plan to give. You can do so by contacting Myron Wilkins either at (336) 271-5959 or via email at email@example.com.
According to IRS regulations, the date of your gift corresponds to the date it arrives in our possession (for transfers from a brokerage account to brokerage account).
The following information is necessary to transfer stock to our account:
Please contact our broker, name, company for assistance with making the stock transfer.
When your stock gift is received, we will mail you a tax receipt stating the name of the stock, the number of shares and the fair market value on the date it was received by Greensboro Urban Ministry.
Merrill LynchWealth Management
800 Green Valley Road
Greensboro, NC 27408