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Gifts of Appreciated Stock/Mutual Funds

Giving appreciated stock or mutual funds can be an especially advantageous way of supporting Catholic Charities of Buffalo. The benefits can be:

  • The full value of your gift goes to helping those in need.
  • You are entitled to an income tax deduction equal to the full market value of the securities.
  • You may avoid paying capital gains tax.
  • Donating securities is easy.

Methods for transferring stock or mutual funds to Catholic Charities:

  1. Paperless transfer to Catholic Charities brokerage account (our preferred method)
  2. Mail stock certificates to Catholic Charities of Buffalo
  3. Hand deliver stock certificates
     

Paperless Transfer to Catholic Charities Brokerage Account

This is the simplest way to make a gift of securities. Simply instruct your broker to transfer specified shares from your account to a Catholic Charities account.

It is important that your broker not sell the stock while it is still in your account. This would cause a capital gains tax liability. It should not be sold until it is transferred to the Catholic Charities account.

Please contact Cindy Scibetta, Appeal Operations Specialist, at cindy.scibetta@ccwny.org or (716) 218-1400, to obtain a Catholic Charities account number and contact information for your brokerage firm, if applicable.

You may also print the following letters and fax them to Catholic Charities if you prefer. The fax number is: (716) 856-2005

Letter to Catholic Charities and Letter to Broker PDF

Mail Stock Certificates to Catholic Charities

When using this method of delivery please do not sign the reverse side of the certificate. A separate Stock Power must be signed instead (see link below). The Stock Power must be signature guaranteed. Your signature should be authenticated by an organization such as your bank or brokerage house that has the ability to guarantee the signature.

You should also send the signature guarantee under separate cover to Catholic Charities. Sending stock and the signature guarantee in the same envelope could pose a serious risk.

Stock Power Letter PDF | Stock Power Form PDF

Please mail to:

Cindy Scibetta
Appeal Operations Specialist
Catholic Charities of Buffalo
741 Delaware Ave. (2nd Floor)
Buffalo, NY 14209
 

Hand Delivery of Stock Certificates

If you hand deliver certificates to Catholic Charities, please do not sign the reverse side of the certificate. A separate Stock Power should be signed instead (see link below). It is important that your signature be authenticated by an organization such as your bank or brokerage house that has the ability to guarantee your signature. Caution should be taken as to personal delivery. The date of delivery becomes the effective date of the gift.

Please deliver stock gifts by hand to Cindy Scibetta, Appeal Operations Specialist, Catholic Charities of Buffalo, 741 Delaware Avenue, Buffalo, NY (2nd Floor).

Stock Power Letter PDF | Stock Power Form PDF

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