Gifts of stock, securities, and mutual funds can benefit both you and the Christian Brothers. These gifts can help you diversify your assets and minimize capital gains taxes.
Gifts of stock to the Brothers of the Christian Schools, District of Eastern North America (FSCDENA) are accepted through our partner organization, Christian Brothers Investment Services (CBIS). CBIS assists Brothers and their ministries around the world in many financial matters.
STOCK DELIVERY INSTRUCTIONS THROUGH CBIS GIFT SERVICES
When the transfer is made:
Please note on the transaction that it is to benefit FSCDENA. Also, please contact Patrick Donahue, Director of Advancement, to let him know that the transfer has been ordered by calling (732) 380-7926 or emailing email@example.com.
DTC Eligible Securities
For credit to account #: N7M001467
Client account name: Christian Brothers Investment Services
Fed Eligible Securities
Bank of NY/Pershing
For Credit to account #: N7M001467
For All Physical Securities:
Physical Certificates and the required paperwork will be sent directly to Pershing LLC, the clearinghouse broker-dealer. Please contact Jorja Watts at (412) 234-0439 or firstname.lastname@example.org for additional instructions. She will assist you with this process of completing the required paperwork, which will be sent to Pershing LLC.
Mutual Funds and Foreign Security Gifts
Please contact Jorja Watts at BNY Mellon Capital Markets to check on the ability to accept the mutual fund and coordinate delivery. Jorja may be reached by calling (412) 234-0439 or e-mailing email@example.com for additional instructions. She will assist you with this process of completing the required paperwork, which will be sent to Pershing LLC.
For tax purposes, your gift will be valued as of the date when the transfer is received electronically into the CBIS account. The value of your gift will be the average of the high and low values on the day of receipt, multiplied by the number of shares donated. Gifts are tax-deductible for federal income tax purposes to the extent permitted by law.