Donating stock to Josephinum is easy to do, and may result in tax savings for you. Gifts of appreciated securities held for over a year are generally deductible at market value and may be exempt from capital gains tax. If your securities are held in a brokerage account, your broker can electronically transfer the shares to Josephinum's account at Merrill Lynch. Contact Patricia Bresnahan at (312) 696-2131 or Linda Kohut at (312) 696-2132 to schedule a transfer.
So that we can properly credit your gift, please inform Shuchi Sharma that you are making a stock gift. Tell her the name of the stock, the number of shares, and the transferring broker. Let her know if your gift is to be used for a particular area of interest, such as scholarships or capital improvements. You will receive a written gift receipt from Josephinum. The gift date is the date that our account received the transferred shares, and the gift value is based on the average price of the stock on the gift date.