Planned Giving

Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to the Episcopal Diocese of Newark.

Benefits of making a gift using stocks and bonds

• Avoid paying capital gains tax on the sale of appreciated stock
• Receive a charitable income tax deduction
• Further the mission of the Episcopal Diocese today

How to make a gift of stocks and bonds

By electronic transfer – Click here for instructions on how you can transfer stock or bonds from your brokerage or investment account to the Episcopal Diocese of Newark.

By certified mail – If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.

More on Gifts of Stocks and Bonds

There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.

You may be looking for a way to make a big difference to help further our Episcopal mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can benefit this year as you help us continue our work.

Benefits of an IRA charitable rollover

• Avoid taxes on transfers of up to $105,000 from your IRA to our organization
• May satisfy your Required Minimum Distribution (RMD) for the year
• Reduce your taxable income, even if you do not itemize deductions
• Make a gift that is not subject to the deduction limits on charitable gifts
• Help further the work and mission of our organization

How an IRA charitable rollover gift works

1. Contact your IRA plan administrator to make a gift from your IRA to us.
2. Your IRA funds will be directly transferred to our organization to help continue our important work.
3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
4. Please contact us if you wish for your gift to be used for a specific purpose.

Gifts from your IRA

If you are 70½ or older, you can use your IRA to fulfill your charitable goals. You can use the “Make a Gift From My IRA” tool to contact your IRA custodian and make a qualified charitable distribution. We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your Required Minimum Distribution, if applicable.

A Donor Advised Fund (or DAF) might be a great solution for you. You can use a DAF to distribute gifts to the Diocese, your church, or other charitable organizations. With a DAF, you can make gifts to charity during your lifetime, and when you pass away, your children can carry on your legacy of giving.

You enjoy several benefits with your Donor Advised Fund

• Establish a flexible vehicle for annual charitable giving
• Benefit from a more tax and cost efficient alternative to a private foundation
• Obtain a charitable income tax deduction in the year of your gift

How a donor advised fund works

1. You make an initial, irrevocable gift of cash or stock to fund a DAF at a sponsoring organization.
2. The assets in your DAF grow tax-free.
3. You make annual recommendations on gifts to be made from your DAF.

Gifts from your donor advised fund

Your donor advised fund has several advantages. You can make one larger gift to a DAF and then recommend grants to us and other nonprofits. You can use the “Make a Gift From My DAF” tool to contact your DAF provider and make a grant. We will acknowledge your generous gift as a DAF distribution.

A gift of cash is a simple and easy way for you to make a gift.

Benefits of gifts of cash

• You can make an immediate impact on our mission
• You can take a charitable income tax deduction

How to make a gift of cash

Mailing a gift of cash – You can send us a check or money order. Please let us know if you want your gift used for a specific purpose by indicating that purpose either in the memo line or in a letter to us.

Mail your check or money order to:
The Episcopal Diocese of Newark
31 Mulberry Street,
Newark, NJ 07102

Making a gift by credit card – You can make a gift by credit card by clicking to our e-Giving page here.

More on gifts of cash

Did you know that you can mail a check on December 31st and, even if the check is not received and cashed by the Episcopal Diocese of Newark until after the new year, the IRS will allow you to take a deduction in the year the check was mailed? Keep this in mind for year-end tax planning!