Year End Donations of Stock/Securities

Monday, December 21st, 2015

 

Dear OLR Parishioners,

At the end of the year many people choose to make a donation through the sale of stock or securities.

These transactions need to be done through the diocese with a simple process. To make sure the donation is processed effectively and efficiently please follow the instructions outlined in this email.

If you have any questions or need assistance, please contact Sid Tate.  You can call him at (864) 420 1043 or email at eagle448@gmail.com

If you are making a cash donation from a charitable foundation or have any other year end giving questions, Sid can also help you.

Thank you for your generosity and Merry Christmas!

Fr. Longenecker

 

Stock Donation Procedure

Procedure To Donate Stock For The Benefit Of A Parish/School Of The Diocese Of Charleston

If the individual(s) holds the securities:

(Morgan Stanley Smith Barney cannot process fractional shares. Please specify securities to be donated in whole numbers.)

The individual(s) signs the certificate exactly as it appears on the front of the certificate.

Send the certificate(s) to Morgan Stanley Smith Barney, Attn: Derrick Sullivan, 200 Meeting Street, Suite 402, Charleston, SC 29401. Include a letter stating the securities are a gift to the diocese, a specific parish/school and/or specific campaign. Please send a copy of the letter and a copy of the certificate to the attention of Kathryn Dannelly
Executive Assistant to the Vicar General
Diocese of Charleston
3512 Devine St.
Columbia, SC 29205
kdannelly@catholic-doc.org
(803) 540-1920

If the individual’s securities are held by a bank or brokerage:

(Morgan Stanley Smith Barney cannot process fractional shares. Please specify securities to be donated in whole numbers.)

His/Her broker should transfer the security according to the following instructions:

DTC #0015

For further credit to: 946-108259-0-016 Bishop of Charleston
FBO (Name of Parish/School or campaign)
Also, please have the individual or the parish/school mail a letter notifying the diocese of the gift to the attention of Kathryn Dannelly, St. Joseph Catholic Church, 3512 Devine Street, Columbia, SC 29205.

If the securities are issued in name of the parish/school or Diocese of Charleston

(We strongly encourage that securities not be issued in the name of the parish/school or diocese and the above options be followed.)

Please send the securities by certified mail to the Finance Office so that we can attach a signed corporate resolution and stock power.

We will forward the securities to Morgan Stanley Smith Barney for processing.

Also, please enclose a letter giving the diocese instructions to sell the securities and any other pertinent information concerning the transaction(s).

(Note: Please do not endorse or sign the back of the securities.)

Mutual Funds: If an individual would like to donate shares of a mutual fund, please have him/her contact Derrick Sullivan at Morgan Stanley Smith Barney for details on how to complete such a gift as it is a more complicated process. They can be reached at 1-800-727-7701.