Stock Donation

Stock Donation

Donating stock or securities offers a number of benefits:

  • A federal income charitable contribution tax deduction based on the stock’s fair market value on the date of the gift (up to 30% of your adjusted gross income) if the stock was owned for more than one year;
  • Carryover of the deduction for up to five additional years if the fair market value of the gift is more than 30% of your adjusted gross income; and
  • Avoidance of capital gains tax that is due when you sell appreciated stock.

Note: Stock owned for one year or less is considered a short-term asset and usually won’t produce attractive tax benefits. Also, if stock has decreased in value, selling it and making a cash gift to the SPLC is probably more beneficial. You can take a capital loss on federal taxes and still enjoy a charitable deduction up to 50% of your adjusted gross income.

How to Donate Stock
  1. Give your broker the following information to transfer a gift of stock to Emmaus Ministries:
    • Emmaus Ministries’ brokerage account is with Morgan Stanley
    • Emmaus Ministries’ account number is 419-047011-201 and the DTC number is 0015

  2. Either you or your broker must notify our office at 773-334-6063 or donate@streets.org with the name of the stock and the number of shares being transferred. This ensures the gift is properly credited and acknowledged.
  3. For further questions about making donations of appreciated stock, please don’t hesitate to contact our Morgan Stanley Financial Advisor at:

    Jesse E. Burnett, CFP®
    Associate Vice President
    Portfolio Manager
    Morgan Stanley Wealth Management

    1000 Elm Street, 14th Floor
    Manchester, NH 03101
    Phone: 603-629-0275
    Fax: 603-624-8199
    jesse.burnett@ms.com

  4. Physically held certificates can also be donated. Contact Jesse Burnett for more information and to facilitate that sort of gift.

Our Mission

To provide Christ-centered support to men seeking to escape survival prostitution and embrace a life of health and wholeness.

 

Contact Us

Offices & Ministry Center:
Emmaus Ministries
4201 N Troy St
Chicago IL 60618

Financial Contributions:
Emmaus Ministries
Donations Processing
PO Box 431
Wheaton IL 60187-0431

773-334-6063
emmaus@streets.org

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