Benefits of Donating Stock

Making a gift of securities is simple and offers a number of valuable financial benefits:

• The total value of the stock upon transfer is tax-deductible
• There is no obligation to pay any capital gains taxes on the appreciation
• You may be able to receive additional Enterprise Zone tax credits
• You can donate appreciated stocks, bonds or mutual funds
  

Please note: Many mutual funds cannot be transferred directly into our account. If you wish to make a gift of mutual funds, please call 303.313.2411 to speak with Griff Freyschlag, Vice President of Development.

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HOW TO DONATE STOCK

 

 

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STEP 1 - TRANSFER STOCK

 

BY ELECTRONIC TRANSFER

Provide your broker or financial adviser with the following information:

• Denver Rescue Mission Broker: Brenda Fredrickson
• Account Name: Denver Rescue Mission
• Account Number: 1AB23469
• DTC # 0025
• Tax ID #84-6038762

Make sure that your name, address, and account number are included in the transaction to Salomon Smith Barney. If your institution requires a letter of authorization, please click here to view a sample.

BY MAIL (STOCKS IN YOUR PERSONAL POSSESSION)

Mail the following by tracked or registered mail system (e.g. FEDEX, Registered Mail) to:

Wells Fargo Securities
1700 Lincoln St
Denver, CO 80203 

ITEMS TO MAIL

• Letter of Authorization (Click here to view sample)
• Stock Power Form (Click here to download form)
• Stock Certificates (signature of the person(s) named on the certificate(s) must be either on the back of the certificate(s) or on a Stock Power Form)

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STEP 2 - NOTIFY DENVER RESCUE MISSION

To insure proper crediting of your stock donation,  please have your broker or yourself contact the Denver Rescue Mission's Chris Darr  at 303.297.1815 to notify us that the transfer is underway. You can also click here to use our online form.

Be prepared to provide the following information:

• Date of stock transfer
• Number of shares
• Name of stock
• Correct spelling of your name
• Your complete mailing address
• EZ tax credit intentions (If applicable)

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SAMPLE AUTHORIZATION LETTER

[Current Date]

To Whom It May Concern:

I am making a donation of the following securities to the Denver Rescue Mission. Please transfer them to account # 1AB23469 at Wells Fargo Securities.

______ shares of ______ stock.

So that Denver Rescue Mission is able to identify these shares as my donation to their organization and thus acknowledge me for this gift, I ask that you please enter my name, account number, phone number, address, and/or broker information into the "Text Comment" field of the DTC screen.

Thank you for your attention to this matter. Please call me with any questions or problems.

Sincerely,
[Name of donor]
[Donor phone number]

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Stock Gift Notification Form

If you would prefer, you may fill out the form below to complete the stock gift notification form. When you complete the form, you will automatically receive the 2-step stock instructions via e-mail.