The Diocese of Des Moines

Stock and Mutual Fund Gifts

The Diocese of Des Moines welcomes all stock and mutual fund transfers, with no minimum requirements.

 

Gifting stock held more than 12 months offers a two-fold tax savings. First, you avoid paying capital-gains tax on the increase in value of your stock. Additionally, you receive a tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent vehicle to make a donation from stock that has appreciated substantially in value.

 

How to Give Stock to the Diocese of Des Moines
Stockbrokers generally require written instructions when transferring stock. You will need to give the following delivery information to your broker to make a gift to the Diocese of Des Moines.


Brokerage Firm:   BDF Investments
Contacts:              Sue Knoll or Alec Nielsen


Phone:                 (800) 352-5634 or (515) 727-6705

 

For the benefit of:   Roman Catholic Diocese of Des Moines - SGG


Account:                 53109012


DTC#:                    0141 (only needed for stock transfers)

Federal ID #:         42-0680255

 

 

How to Give Mutual Funds to the Diocese of Des Moines
Please contact the Diocese of Des Moines before requesting a mutual fund transfer from your broker.   Mutual fund transfers are more complex than stock and require additional processing time.

 

It is important to notify the Diocese of Des Moines when you have requested a stock or mutual fund transfer with your broker to ensure that you receive the appropriate tax credit information. Please contact Sue Relyea, Development Office at 515-237-5083 or srelyea@dmdiocese.org.