Stock & Mutual Fund Transfers
We welcome all stock and mutual fund transfers through the EFCA. Giving 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. In addition, 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 option for stock that has appreciated substantially in value.
To make a gift of stock, please notify FCmm by email (below) specifying the number and type of shares, and the ministry designation for the gift.
Clearing Firm Name: Charles Schwab & Co. Inc.
DTC#: 0164, Code 40
Account Name: Evangelical Free Church of America
Account Number: 91140796
Federal ID Number 41-0721672
***Need to designate to Hope Church of Albert Lea, MN***
To make a gift of stock, please notify FCmm by email (below) specifying the number and type of shares, and the ministry designation for the gift.
Clearing Firm Name: Charles Schwab & Co. Inc.
DTC#: 0164, Code 40
Account Name: Evangelical Free Church of America
Account Number: 91140796
Federal ID Number 41-0721672
***Need to designate to Hope Church of Albert Lea, MN***
