If you would like to donate stocks, mutual funds or other appreciated securities, we would be happy to help you and your broker transfer securities in a simple, straightforward way.
If you own publicly traded stocks or bonds that have appreciated in value and have owned them for more than 12 months, you may want to consider the income tax benefits of giving securities. In fact, donating stock saves even more taxes than donating cash, since there is no capital gains tax when appreciated securities are given to a nonprofit.
If you own stock that has dropped in value, consider selling this asset, and donating the proceeds to Hope House Ministries. By doing so, you will be able to claim a capital loss deduction on your income tax return, as well as an income tax deduction for your charitable gift.
Please have your broker provide Hope House Ministries a copy of the letter of instruction and the following: the stock name, number of shares, gift allocation, and date of transaction. Hope House Ministries works with Stifel Nicolaus to transfer and sell stocks that are donated to our organization.
First Vice President
1393 Veterans Memorial Highway, Suite 214N
Hauppauge, NY 11788
Direct Line 631-360-5709
Cell Phone 631.236.3471
Account: 5040-4434 | DTC: 0141 | Tax ID: 43-1349643
When your stock gift is received, we will mail a tax receipt stating the name of the stock, the number of shares and the fair market value on the date it was received by Hope House Ministries.
When you are ready to gift your appreciated securities, please contact Keith Deisner to inform Hope House Ministries of the proposed donation and to ensure that you receive a prompt receipt of your gift for your tax records. If you have any questions, please contact Keith Deisner firstname.lastname@example.org or by calling 631-474-4851.