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Gift of Securities or Shares of Stock

Thank you for considering a gift of securities in support of Holy Name Cathedral. To notify Holy Name Cathedral of a gift of securities, please contact Mark Teresi.  Prior to your transfer, please fill out a Letter of Intention (click here to download) and email to:

 

Mark Teresi
(312) 573-4427
mteresi@holynamecathedral.org 

 

 

Tax Benefits

 

Gifts of securities often confer significant tax benefits to the donor.  For example, contributions of appreciated securities held over a year are generally deductible at market value, regardless of what the donor paid for them. Additionally, the capital gains tax is avoided through such a gift.

 

 

Transfer Instructions

 

All gifts of securities and stock are managed through the Archdiocesan Bank.  Giving stock through electronic transfer is the easiest method when a donor maintains holdings in a brokered account.  Alternatively, shares of stock physically held by a donor can be sent to the Archdiocesan Bank.  For specific instructions on how to make a transfer, please refer to the Archdiocese of Chicago website (click here).

 

 

Acknowledgement of Gift

 

After a securities gift is received and matched to a donor, the Archdiocesan Bank sends an acknowledgement letter to Holy Name Cathedral’s Controller, who will then send the a letter to the donor stating the nature of the gift and the gift valuation date.

 

 

First (click here) link will take you to a letter of intention that includes HNC’s name already filled in.

Second (click here) link will direct you to Archdiocese website: