Appreciated securities and mutual funds can be a tax-smart way to support and advocate for women in ministry and leadership in Baptist life.
If you have purchased, inherited or earned stock that has increased in value, this may be a good time to make a gift of stock to BWIM. Donations of publicly traded securities that have appreciated in value may allow you to avoid capital gains taxes while also receiving a tax deduction for your gift. To maximize your tax benefits, consider choosing shares that you have held for one year or longer.
If you would like to make a gift of securities to BWIM — such as stocks, bonds or mutual fund shares — there is a simple, straightforward process to follow.
1. Contact Your Stock Broker
You can contact your stockbroker and ask to initiate a “broker to broker” transfer. Instruct your broker to donate securities to Baptist Women in Ministry.
The following are the DTC instructions for transfer of securities to BWIM’s brokerage account.
Account Name: Baptist Women in Ministry
DTC Number: 2116
Brokerage Firm: Community Bank & Trust
Broker’s Name: Kimberly White
Brokerage Address: P. O. Box 2303 | Waco, TX 76703-2303
Brokerage Phone: 254-757-6300
BJC Tax ID: 61-1030103
2. Notify BWIM
When possible, we ask that you please notify Heather Deal at firstname.lastname@example.org. Send us your name, the name of stock(s), number of shares, and name of your brokerage firm so we may monitor our account for the expected transfer and process your gift accurately.
3. Receive Additional Assistance
If you have any questions about the process or need additional assistance, please contact BWIM Director of Development Heather Deal at email@example.com.
Please allow extra time at year-end to ensure timely receipt of securities for tax purposes.
As with all charitable giving, we urge you to consult your own tax, legal and financial advisers before engaging in any transaction to determine the tax benefits as allowed by the IRS.