Be Ye Doers of the Word and Not Hearers Only Start Doing

Gifts of Stock and IRA Rollover

Give the Rollover from Your IRA 

People age 70½ or older who own an IRA may make cash gifts directly from their IRA to charity. For many people, this is the best tax-wise way to give. An IRA rollover gift will not be included in your taxable income and will qualify for your required minimum distribution.

Gifts of Stock

Many parishioners have found that there are certain tax advantages to making a stock gift to St. James’s. If you wish to make a stock gift, St. James’s has accounts at the following brokerage organizations, and you may use any one of them to complete your stock transfer. Click here for step-by-step instructions on how to make your gift of stock.

 

If you make a transfer between brokerage firms, the donor’s name may be omitted from the transfer information because of the privacy act. As a result, the receiving brokerage company may not be able to determine the donor’s name.  Therefore, if you make a stock gift, please notify St. James’s Director of Stewardship and Development  (804.355.1779 ext. 335) or Financial Coordinator Poconna Thiel (804.355.1779 ext. 311) that you are making a transfer.