Giving Stock

Gifts of Stock: Appreciated Securities Make a Great Gift

Because we believe in being good stewards of what God has entrusted to us, we encourage you to thoughtfully consider the advantages of giving stock to The Nebraska Ministry Network. If you own appreciated stock, it is almost always better to contribute stock than cash. By giving appreciated stock to a charitable organization, you avoid paying capital gains tax on the increased value of the stock. Because you are giving to a charitable organization, your gift is deductible for the market value of the stock at the time it was given. Many believers have found that giving appreciated stock to non-profit organizations makes great sense. Please ask your financial advisor if this is a viable option for you.

The win-win result of giving appreciated stock is:

  • The Nebraska Ministry Network receives a gift as good as cash that will be used to expand God’s Kingdom in Nebraska.
  • Donors receive a charitable tax deduction equal to the fair market value of the stock, and avoid capital gains tax on the appreciated value of the stock.

Please note: The Nebraska Ministry Network’s policy is to immediately sell all stock gifts and deposit the proceeds from the sale into the Network’s bank account immediately.

 

To Give Stock to The Nebraska Ministry Network:

If your broker is Charles Schwab:

  1. Fill out the Charitable Gifts Transfer (pdf) form.
    1. In part 1, enter your Schwab account number and title.
    2. Part 2 has been filled in for you.
    3. In part 3, enter the stock/security you wish to donate.
    4. In part 4, sign and date your form.
    5. Save the form.
  2. Upload the form by logging in to your Schwab account, going to messages, then choose Upload Document and follow the directions. You can also take the form to your local Schwab office.
  3. Complete the form Stock Gift Form – for NMN (pdf)and return to The Nebraska Ministry Network’s finance office to notify them of your stock gift. Do not rely on your broker to do so.

If your broker is NOT Charles Schwab:

  1. Notify your broker to transfer a specified number of shares of stock to The Nebraska Ministry Network’s account at Charles Schwab. Complete the Gift Form – for Broker (pdf)form to initiate a stock gift and send it to your stockbroker.
  2. Complete the form Stock Gift Form – for NMN (pdf)and return to The Nebraska Ministry Network’s finance office to notify them of your stock gift. Do not rely on your broker to do so.

Options for Returning Your Form:

  1. Save form and email to: finance@neag.org
  2. Print form and mail to:

Nebraska Ministry Network
Attn: Finance
1006 N Airport Rd
Lexington, NE 68850

It’s that simple! 

 

Forms I PDFs

If you have any questions about how this works, please contact Phil Parker, our Financial Manager, at (308) 641-4127. He’d be happy to help you.

Thank you for your generosity!