Gifts to the Episcopal Diocese of Newark in the form of stocks or mutual funds that have appreciated in value may be especially attractive to you under the current tax laws. With a charitable gift of appreciated securities held long-term, the donation you make and the deduction you get are greater than they would be if you were to sell the shares and donate the cash proceeds. That is because when you donate shares, you avoid incurring capital gains.
Please be aware that donor information will not be included with your electronic transfer, so you should alert us in advance of the security name and/or ticker symbol and number of shares you plan to give. You can do so by contacting Noel Garcia at 973-430-9984.
Please use the following instructions to transfer securities to our account:
DTC number: 2663
Agent Internal Account #: 20075-D
Interested Party A/C: DIT of Newark 881486803
Tax ID number: 22-1487564
Broker:
TIAA-CREF Trust Company
211 North Broadway, Suite 1000, St. Louis, MO 63102-2733
Contact: Tim Ringkamp
Phone: 314-244-5125
In accordance with IRS regulations, your gift will be valued based upon the date we receive it in our brokerage account.
Making this transfer is simple
You may wish to send the attached form to your broker in order to ensure that the instructions are provided clearly.
