Donating shares of stock can result in a tax saving for donors. Shares are
liquid and easily transferred, making them a preferred method of giving for
some donors. These guidelines discuss how to make a donation of shares of stock
to The Church of Jesus Christ of Latter-day Saints or one of its institutions.
See also Guidelines for Donating Shares of Stock
Donations of shares are handled by the Donations-in-Kind office and LDS Foundation.
Both are departments of The Church of Jesus Christ of Latter-day Saints. Should
you need help or clarification of issues discussed in this document, please contact
us at:
| Address: |
Donations-in-Kind
The Church of Jesus Christ of Latter-day Saints
50 E North Temple
Salt Lake City, UT 84150-3600
|
| E-mail: |
donationsinkind@ldschurch.org |
| Fax: |
801 240-2202 |
| Telephone: |
Donations-in-Kind Office
801-240-2554
Toll free 800-453-3860 ext. 2-2554
|
Value of the Donation
Your tax counselor can help you evaluate the dollar value of your donation.
The Donations-in-Kind office will send you a receipt showing the name of the
mutual fund, the number of shares donated, and the date of the transaction.
To donate mutual funds:
- Contact your mutual fund administrator to find out what is required to authorize
a transfer of mutual fund shares to the Church. It is important that you follow the
guidelines set forth by the mutual fund. This often involves sending a letter of
authorization signed by you, with the signature guaranteed with the medallion
signature guarantee stamp (available through your bank or brokerage). Your fund may
have a special form it would prefer you to use.
- Advise your mutual fund administrator that, if the Church already has an account
open under tax I.D. # 23-7300405 in the name of Corporation of the President
of The Church of Jesus Christ of Latter-day Saints, the transfer may proceed immediately.
You may also call the Donations-in-Kind office at 801-240-2554 or 800-453-3860 ext. 2-2554,
to obtain the Church's account number in advance of writing the letter.
- If the Church does not have an account with the fund, advise your mutual fund
administrator that the Church will be willing to open one using tax I.D. # 23-7300405 under
the name of Corporation of the President of The Church of Jesus Christ of Latter-day
Saints.
PLEASE NOTE: DO NOT HAVE THE MUTUAL FUND COMPANY ISSUE A CERTIFICATE FOR
THE MUTUAL FUND SHARES YOU WISH TO DONATE.
- Please e-mail, fax, or mail us a copy of a letter of authorization
that you send to your broker, or use our letter generator below to automatically
generate a letter that will be automatically sent to us and that you may
also send to your broker. The letter should include:
- Your name and address, so that a receipt can be sent.
- Name of the mutual fund and number of shares.
- Name of your brokerage firm.
- How you want the donation to be used (for Church funding priorities see
our fund-raising priorities web page).
- Name of ward and stake (only if you donate to the ward mission fund or
ward fast offering fund).
Generating a Letter Using the Letter Generator
As a convenience this web page will help you create an appropriate letter of
authorization that instructs your broker how you wish to donate mutual fund shares.
The generator creates a letter that will automatically be forwarded to the Donations-in-Kind office and creates
a printed copy that you may send to your fund administrator. Call us for a Church account number to
include in the letter. Click here to access the letter generator.
Paying Tithes and Offerings
For information on paying tithes or offerings using mutal fund shares or other noncash
assets, please contact the Donations-in-Kind office:
| Address: |
Donations-in-Kind
The Church of Jesus Christ of Latter-day Saints
50 E North Temple
Salt Lake City, UT 84150-3600
|
| E-mail: |
donationsinkind@ldschurch.org |
| Fax: |
801 240-2202 |
| Telephone: |
Donations-in-Kind Office
801-240-2554
Toll free 800-453-3860 ext. 2-2554
|
