Stock Gift Procedures
From time to time, it may be advantageous to make gifts to the Chapel of the Cross in the form of appreciated securities. The normal procedure for making these gifts is to ask your broker to transfer them electronically to the Chapel of the Cross brokerage account at Edward Jones (account number 293-00200-1-7, DTC number 0057, phone number 919-967-0700, broker Steve Richards) and to notify the parish accountant, Debby Kulik, or the senior associate treasurer, Barney Varner, that such a transfer has been made. Please include in the notification your instructions for the use of the gift (2007 pledge, 2008 pledge, capital gift, other). Please do not assume that donor information will be available from the broker. Sometimes it is, but often it is not. And knowing the donor does not always identify the purpose of the gift. So please let someone know whenever you make a stock gift. Messages can be left for either Debby or Barney at the parish office (919-929-2193). Debby can also be contacted at dkulik@thechapelofthecross.org and Barney at bvarner@thechapelofthecross.org .
A letter from the treasurer acknowledging each stock gift is sent to the donor. The letter identifies the securities given, the date they were received by the Chapel of the Cross, the amount credited to your contribution record for the gift, and the distribution of that amount to the particular funds within the Chapel of the Cross, based on the stated (or assumed) purpose of the gift. The total amount credited is determined by the average market price of the securities on the date they are received in the Chapel of the Cross account. Please review this information to make sure that your wishes have been followed. If no such letter is received within three weeks of making your gift or if you have questions about the information in the letter, please contact Debby or Barney.
Last updated: November 16, 2007
