Did you know that most ministries receive up to 95% of their charitable gifts as cash? But, 90% of the wealth in America is in some form of non-cash, often highly appreciated assets?
Did you know that giving through appreciated securities is a great way to both increase how much you are able to give to advance the gospel in Springfield while avoiding capital gains tax on those gifts?
Did you know donations of appreciated securities like stocks, mutual funds, bonds, ADRs (American depository receipts) or other property are recorded as a charitable gift at the appreciated amount?
In the event that you have already given this year, thank you so much for your continued partnership! If you are still considering a year-end gift, we hope this information is beneficial to you. To learn more about non-cash donations as a year-end gift in 2019 or as you plan ahead for 2020, please contact Victoria Richards at The Springfield Foundation at [email protected] or (937) 324-8773.
If you would like to donate securities, you can initiate the transfer through your broker and request that the securities be transferred to:
The Northern Trust Co DTC# 2669
Park National Bank Custodian Account# 17-88268
FBO: The Springfield Foundation #A1973
When available, please notify The Springfield Foundation’s Development Officer, Victoria Richards of the gift details prior to delivery so that we can alert our representative at Park National Bank. You may send this information via e-mail to: [email protected] or you may call her at 937-324-8773. If you have any questions on this topic, don’t hesitate to reply to this email and we’ll be glad to help.
Thank you for your prayers and partnership as we continue to equip and resource ministries, churches, and organizations who are working together to build God’s Kingdom in Greater Springfield.
Thank you and Merry Christmas!
Casey Cockerham
Executive Director | The Nehemiah Foundation
