Gifts of Stock and Securities

Transferring appreciated stocks and securities to Centers for Spiritual Living is a great way to make a charitable gift, and you can benefit in two ways. When you donate publicly traded stocks to Centers for Spiritual Living that have been held long-term (owned for more than one year) you may avoid capital gains taxes. Plus, you may take the full fair market value of the gift (on the date it is transferred, rather than the amount you originally paid for it) as a charitable deduction on your income taxes.

The easiest way to make this kind of gift to Centers for Spiritual Living is to have your broker electronically transfer the stock from your account to ours:

 Account with:   XXXX
 Broker:  XXXX
 Phone #:    123.123.1234
 Account Name:    XXXX
 Account #:    1234
 DTC#:  13254
 Agent Bank and Institutional #:123465
 Centers for Spiritual Living Federal Tax ID#: 45-2479174

Once you have made a gift of stock, please notify Jennifer Peeso at 720-279-1629 / jpeeso@csl.org. Please be sure to provide your name and address. This is necessary because electronic transfers of stock are not made in the name of the owner (you), but in the name of the financial firm. Centers for Spiritual Living is only able to provide you with a receipt of your gift if you notify us.

Depreciated Stocks and Securities

You also have the option of using depreciated stocks and bonds to make a charitable gift to benefit Centers for Spiritual Living. If you sell stocks or bonds and donate the proceeds to Centers for Spiritual Living you may be able to take a charitable deduction for the full value of the gift, and take the capital loss on the asset.

Please consult your attorney, broker or financial advisor to determine the tax deductions that apply in your case. Centers for Spiritual Living does not offer tax advice. Thank you.

Gifts of Stock

Your gift of stock will strengthen Centers for Spiritual Living efforts to provide spiritual tools for personal and global transformation. If your stock is held with a brokerage firm or bank trust department, you can transfer the securities directly from the firm or bank to Centers for Spiritual Living account at Wells Fargo Bank.

STEP 1
Instruct the holding institution to make a direct transfer, or “DTC,” with the following instructions:
Please deliver/transfer ____________shares of __________________ (name and symbol) from my
account with ____________________________________(name of firm or bank), account number
__________________________, to:
DTC:
Wells Fargo Account at Agent # 1234.
For further credit to: Centers for Spiritual Living Account # 1234567.

STEP 2
When stocks arrive in our account, we get no information about the donor — so please don’t forget to tell us you have made this generous gift! Contact Jennifer Peeso at 720.279.1629 or Jpeeso@csl.org and tell her how many shares and name of the stock, so we can send your gift receipt. Unless you tell us, we won’t know who sent the gift.

It’s a bit more involved to transfer mutual funds, but we can help. Contact Jennifer Peeso at 720.279.1629 or Jpeeso@csl.org, and she will be glad to assist you.