Upon the approval of the board of directors, EPA has opened a brokerage account with e-Trade (from Morgan Stanley) to accommodate the receipt of donations and bequests from those wishing to support EPA in a tax-friendly way.
Make a bigger impact by donating long-term appreciated securities, including stock, bonds, and mutual funds, directly to EPA. Compared with donating cash, or selling your appreciated securities and contributing the after-tax proceeds, you may be able to automatically increase your gift and your tax deduction.
Through a Qualified Charitable Distribution (QCD), anyone 70-1/2 or order may transfer long-term capital gain stock, bonds, or mutual fund shares to EPA. With a QCD, you receive an immediate income tax deduction for the fair market value of the securities on the date of transfer. Additionally, you pay no tax on any long-term capital gain.*
All this means you can lower your tax exposure and make a larger donation than if you had sold the shares and donated the net proceeds after taxes.
* EPA recommends consulting with your financial advisor for all tax advice.
Instructions: How to make a stock donation
Step 1: Complete your transfer
Contact the institution where your stocks are held and let them know you would like to transfer the shares to the Evangelical Press Association Inc account as follows:
Clearing Firm: e-Trade (from Morgan Stanley)
DTC Clearing #: 0015
Account #: further credit to Evangelical Press Association Inc # 892 467102
EPA’s Employer Identification Number (EIN)/Federal Tax Identification Number (TIN) is 95-6081896.
Step 2: Let us know about your gift of stock
Stock donations transferred to our account are not accompanied by donor information. We want to be sure we can acknowledge your charitable donation of stock or mutual funds and send you a tax receipt, so please call or email the info to us. Be sure to let your accountant know of the donation for any required tax filings.
If questions, please contact the EPA office directly at 480-868-2466 or by email.
As soon as your stock donation gift is identified, we’ll send you an acknowledgment letter in the mail.
Posted May 22, 2023