Donations of Securities
Many UUCPA supporters find it convenient to make contributions of securities to make a donation or to pay a pledge. It is especially attractive to transfer appreciated stock, because you are credited with the full current market value, usually without paying any capital gains tax.
It’s easy to do: You just instruct your broker to transfer x shares of stock to the church’s account at Schwab:
Unitarian Universalist Church of Palo Alto
Charles Schwab & Co.,
DTC # 0164.
DO NOT SELL THE SHARES!
You need to let us know at the same time that you have given these instructions.
You can email the church office firstname.lastname@example.org or (better) send an e-mail to email@example.com to let us know if you want to apply the proceeds to this year’s pledge, next year’s pledge, or other special funds. Transferring stock may take a few days to a few weeks after the initial request. A tax deduction is applicable only on the day of the transfer and not the day of request.