Scarsdale Congregational Church Making a Gift of Stock Our Governance, How to..

If you choose to give securities to the Church, you will benefit SCC as well as your tax situation. This is because most taxpayers are able to deduct the full market value of donated shares without having to pay capital gains tax. For questions about the potential tax advantages of donating appreciated securities, please consult your accountant or tax advisor. 

If securities are held by your broker, you can do a broker-to-broker transfer of shares simply by:

• Instructing your broker to send the shares you designate to DTC# 418 to credit account #39A00891-13 (Scarsdale Congregational Church) at Salomon Smith Barney. (Please note these are new instructions from in the past).
• Indicating your gift on your pledge card or written note, and alerting Marjorie Bee (914-723-2111) in the Church finance office when you have made your gift. Please be as specific as possible about which shares will be donated, and where you want us to apply the funds.
• Calling our own John Beyersdorf at Salomon Smith Barney (212-492-6930) and alerting of your donation.

If you hold the stock certificate:

• If stock certificates are in your name, you will need: (1) the stock certificate(s), (2) a letter from you formally donating the stock to the Church with an explanation of how the funds are to be allocated, and (3) an irrevocable stock/bond power transferring the stock to The Scarsdale Congregational Church;
• If stock certificates are in the Church's name, you will need the first two items listed in the previous paragraph.