Gift Clearing Account
Increase your charitable giving and your tax deduction at the same time!
Make a bigger impact in your charitable giving by donating gifts of appreciated stocks, bonds, and mutual funds directly to your preferred Episcopal charity or parish.
The Church Foundation’s gift clearing account facilitates cash gifts as well as appreciated stock, bonds, and mutual funds to the Diocese of Pennsylvania, The Church Foundation, or any of the parishes, schools and other institutions within the Diocese of Pennsylvania at no cost.
- Avoid paying capital gains on the sale of appreciated stocks, bonds, or mutual funds.
- Receive a charitable tax deduction.
- Be a part of furthering the mission and ministry of your designated charity.
Type of Gifts:
- Mutual Funds
How does it work?
Download, print and fill out the Gift Clearing Form, and return a copy to The Church Foundation as directed on the form and to the donor broker.
After the donor’s broker receives the Gift Clearing Form and makes the trade, the shares will be transferred to The Church Foundation gift clearing account. The assets are sold immediately, and a check for the trade amount will be sent directly to the designated beneficiary (ACH payments or deposits directly into the Consolidated Fund for the benefit of the beneficiary are also available). The Church Foundation then sends confirmation of the transaction and an acknowledgement letter to the donor, with a copy to the beneficiary.