 Giving Securities
Gifts of appreciated securities, stocks, and bonds provide considerable tax advantages when transferred to The Chaplaincy
before they are sold. If you have held your securities for more
than one year, you may find that your gift will provide a twofold tax
benefit creating an income-tax deduction as well as helping avoid
capital-gains tax that would have been due on their sale.
If you wish to transfer
stocks from a broker’s
account: The Chaplaincy has an account
with
Baker Boyer Bank. For further details and Dotty Nolan
information, you may call Wayne May, Vice
finds that giving to The
President and Trust Officer, at 509-783-6800
Chaplaincy allows her to
or 1-800-407-4322 or e-mail at
help others in her community.
mayw@bakerboyer.com.
The Chaplaincy’s
address in connection with gifts of securities is: Baker Boyer Bank/Tri-Cities Chaplaincy,
c/o Wayne May, Vice President &
Trust Officer
7601 W. Clearwater, Suite 404
Kennewick, WA
99336
Gifts of real estate – including personal residences, second homes,
income property, and vacant land – offer a wide variety of tax and other
benefits. These gifts are handled through The Chaplaincy
Finance and Endowment committee in conjunction with Baker Boyer Bank. A
review and endorsement by this committee must take place prior to
receiving the gift. |
