Stock Donations

Stock Gift

If you are in a tax bracket of 15% or higher, claim itemized deductions, and have owned an appreciated stock for more than a year, the donation of that stock can have a double tax benefit.  First you are receiving a donation credit for more than you paid for the stock.  Second, since you would not be selling the stock and using it for your own benefit, you would not pay taxes on the capital gain 
 
So, for a year end donation, consider transferring appreciated stock to St. Vincent’s account.  Information is as follows:
           

Brokerage: Old National Investments
Address: 775 Prairie Center Drive, Ste 100
                Eden Prairie, MN 55109
Phone: (651) 846-8284, ask for Julie Greenberg for assistance.
For Credit to:  The Church of St. Vincent de Paul
 

                       
Email Norm Olafson at normolafson@saintvdp.org and include your name, number of shares and identity of stock you are transferring along with your directions for intended use (if you want to specify a fund). Often the name of the donor is not included when stock is transferred and if no use is specified it will be considered part of your normal parish offertory contribution.