Under the current tax code (IRS Publication 526) you can donate unsold securities directly to charitable organizations. Your gift can be applied to your Annual Stewardship pledge and/or your Living the Legacy Capital Campaign pledge; you may also direct the gift to other CPC ministries. Please note that the Central OAC and Central Night Shelter are separate 501(c)3 organizations; donations should be made directly to those organizations.
The advantages of donating securities are:
- You can avoid capital gains taxes and receive a current tax deduction.
- You transfer the cost basis and unrealized tax liability on the securities to Central Presbyterian Church; CPC does not have to pay taxes on the gains when we sell the donated securities.
- You will get a tax deduction for the full market value of your gift
Stock Transfer Information
To transfer stock to Central Presbyterian Church, please use the following information:
Transfer to: Morgan Stanley Depository Trust Company #0015
Account #: 396-105686-435
Contact: Bo Cook 404-842-2386
Please notify Finance Committee Chair Bob Riordan at Central Presbyterian Church on the day the transfer is made by email (firstname.lastname@example.org).