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Giving SecuritiesGifts of appreciated securities, stocks, and bonds provide considerable tax advantages when transferred to The Chaplaincy before they are sold. If you have held your securities for more than one year, you may find that your gift will provide a twofold tax benefit creating an income-tax deduction as well as helping avoid capital-gains tax that would have been due on their sale. If you wish to transfer stocks from a broker’s account: The Chaplaincy has an account with Baker Boyer Bank. For further details and information, you may call Michael Pettyjohn, Vice President/Regional Manager, at 509-735-5163 or e-mail him at pettyjohnm@bakerboyer.com. The Chaplaincy’s address in connection with gifts of securities is: Baker Boyer Bank/Tri-Cities Chaplaincy, c/o Michael Pettyjohn, Vice President/Regional Manager, 1149 North Edison Street, Suite A Kennewick, WA 99336 Gifts of real estate – including personal residences, second homes, income property, and vacant land – offer a wide variety of tax and other benefits. These gifts are handled through The Chaplaincy Finance and Endowment committee in conjunction with Baker Boyer Bank. A review and endorsement by this committee must take place prior to receiving the gift. For additional information or questions, please contact the Chief Financial Officer (CFO) for The Chaplaincy at the number or email below. |
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