Unique Ways to Give

A gift of appreciated stocks you’ve held for more than a year can be a tax-efficient way of making gifts to St. Columba's. Let’s say you paid $500 for 10 shares of XYZ Corporation more than a year ago, and it is now worth $1,000. You can gift that $1,000 in XYZ Corp. to St. Columba's and take a charitable deduction for the stock’s fair market value on the day you give it away. You’ll also avoid capital gains taxes on the increase in value over time, which you would have had to pay if you sold the stock then gave the charity the cash. And St. Columba's can sell the stock free of tax. In short, by making a gift of appreciated securities, you get the same tax benefit you receive for paying cash, plus you avoid potential capital gains taxes.

Instructions:

PLEASE NOTE: In order for your gift to be recorded, please alert Heather Beck that your gift is being made. Occasionally the broker will not include the donor's name with the gift, and without a name associated, it cannot be attributed to your account.

Wells Fargo Advisors
Main Tele: 301-961-0100 (Mon-Fri 8:30am - 5pm)

Jennifer C. Pascal
PCG Senior Registered Client Associate
Assistant Vice President
[email protected]

Deborah E. Bowles, CFP ®
Managing Director - Investments
Accredited Domestic Partnership Advisor SM
[email protected]

DTC 0141
Acct 7988-0030
FBO ST Columba’s Episcopal Church

Tax ID/EIN number: 53-0232824

We caution that everyone’s tax situation is unique, and your tax adviser should be consulted before making any gift of appreciated securities.

Wiring Instructions:

If you wish to wire your gift, please contact Heather Beck for wiring instructions.

If you wish to wire your gift, please contact Heather Beck for wiring instructions.

A donor-advised fund is a little like a personal charitable savings account. A donor creates an account and makes a contribution of cash, stock, or other assets like real estate or artwork and can take an immediate tax deduction for the gift.

Donor advised gifts can be made in order to fulfill a pledge, but we recommend using the following language to accompany your pledge:

SAMPLE LANGUAGE FOR A NON-BINDING LETTER OF INTENT

I/We intend to recommend a grant from the [name of donor-advised fund], a donor-advised fund, in the amount of $_________ [during the year 20__ /annually for the years 20__-20__]. Grant recommendations are subject to the approval of [name of public charity sponsoring the donor-advised fund]. This expression of intent does not create a legally enforceable obligation.

We strongly recommend consulting your financial advisor if you plan to make a donor advised gift to fulfill your pledge.

Planned giving establishes a way for a donor to provide for family members while remembering the church, as well. It often enables the donor to provide more for his/her heirs and to make a larger gift than thought possible. It often reduces taxes. Planned gifts can be designated for an organization’s general fund (“Operating Fund”) or for its endowment (“The Endowment Fund”). Planned gifts are either outright gifts (e.g., gifts of appreciated securities, real property, or personal property) or deferred gifts (e.g., charitable gift annuities or charitable trusts).

St. Columba's Iona Society was created approximately 30 years ago under then rector Bill Tully’s leadership to recognize parishioners who have made provision for St. Columba’s in their wills or estate planning. If you would like become of member of the Iona Society, please reach out to Heather Beckfor more information.

Planned gifts are made as:

• A bequest in a will
• A life income gift such as a pooled income fund, a charitable gift annuity, or a charitable remainder trust
• Gifts of Special Assets (real estate, closely held stock, life insurance)

Sample Bequest Language Worksheet
Iona Society Membership Form
Endowment Gift and Investment Policy

To discuss making a planned gift to St. Columba’s, contact Heather Beck.

Given the complexities of the rules relating to tax deductions for charitable giving, it is important that you consult an attorney or professional advisor when considering bequests, trusts, gift annuities and other options

We are so grateful for all gifts given to St. Columba's. Gifts given at the end of the year do require specific attention to detail. In order for you to claim a deduction on your 2022 tax return, anything mailed to St. Columba's must be postmarked by midnight Dec. 31, 2022. In order to demonstrate legal compliance, envelope postmark dates will be used to verify any contributions arriving in early January. Credit card gifts also must be posted to our vendor account by midnight on Dec. 31. If you choose to provide gifts of stock or other securities to St. Columba's, it is important to initiate these transactions by mid-December to make certain they are posted to our brokerage account by close of business on Dec. 31.

If you would like to have your flower memorial included in the Sunday bulletin, submit your request 10 days in advance. If special flowers are requested (a specific color or type of flower), two weeks' notice is required.

Flower donation form

Should you like to make a gift towards St. Columba's endowment, you can review our policy here.

Endowment Gift and Investment Policy