When you make a gift of stock, there can be tax advantages because the Church gets the full current value of the stock and you get the full value as a charitable contribution (if you itemize), but you do not need to pay any capital gains tax.  For this to happen, the stock must be transferred from your brokerage account to ours.  The stock is priced according to IRS rules (based on the date received by Huntington), and you will get a confirmation from Huntington regarding the valuation.

You can make stock gifts to pay your pledge (current, past, or future), support a special fund-raiser, or endow a restricted fund (or any combination).

Instructions to your broker:

Depository Trust Company (DTC) Transfer
Huntington Investments
DTC# 2305 Inst 10048    
Investment Acct No. 1536000119  
Contact: Sebastien Glinzler 216.515.6220
       200 Public Square, Suite 600
       Cleveland, OH 44114

Also, please send an email or call Don Stimpert (Investments Chair) or Shane Millette (Treasurer) to let us know the gift is coming.  We need to know what brokerage company is sending the stock.  It’s helpful (but not required) to know how many shares of what company are being transferred.  When Huntington receives the stock there is no information about the donor, so we need to match you up to your gift so that we can send an acknowledgement and the value of your donation.  We also need to know how the proceeds are to be allocated – for example, to this year’s pledge, a capital campaign, a restricted account, or whatever.  Thank you for your gift!