Elim Lutheran Church
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  • Elim Yard Sale 2022

Donations

                                          How to Donate Appreciated Stock to the Foundation
 
 Do you have shares of stock that have appreciated over the years? If you sell them outright, you must pay capital gains on the increase in value. If you gift the stocks to the Foundation, you do not pay any capital gains on your earnings. In addition, you may be able to deduct the value of your gift if you itemize your deductions on your taxes.
 
To do this, you will need to designate your shares to be given to the Foundations Brokerage Account at First State Bank and Trust. Here are the steps;
 
1. Contact Jim Thorson, Foundation Treasurer, and let him know you wish to donate stock.
 
                 Phone 651-528-4571   or:
                 Email   jthorson82@ gmail.com
 
2. If your stocks are held in a brokerage, contact that firm for instructions on how to make the donation. The stocks should be directed to the following account;
 
                   Cetera Investment Services
                   DTC Number:  0701
                   Account Name:  BAYBAN
                   Account Number:    8AH00021
                   Reference:  Elim Lutheran Church of Scandia Foundation
                                       A/C #50213700  and donor name
 
 3. If you  have actual share certificates, contact Tom Sigstad at First State Band and Trust, 651-351-3743 to arrange a transfer of the certificates.
 
 After the transfer is complete, you will receive a note from the Foundation acknowledging your gift, and stating the date of the transfer,  the number of shares donated, and the high and low prices of the stock on the date of the transfer. Per current IRS regulations, the value of the stock donated is the average of the high and low price on the date of the transfer. 

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Contact Us!

651-433-2723

WHERE IN THE WORLD ARE WE? 

Elim Lutheran, 20971 Olinda Trail N, Scandia, MN 55073
Photo used under Creative Commons from wuestenigel
  • Home
    • Highlights and Calendar
    • About
    • Covid 19 Information
  • Worship
    • Online Worship Services
    • Accessibility
    • Baptism
    • Funerals & Memorial Services
  • Where, Who, What
    • Church Council >
      • Council Officer Position Descriptions
    • Ministry Staff
  • Ministries
    • Alcoholics Anonymous
    • Adult Bible Study
    • Cemetery >
      • Cemetery Flowers
      • Purchasing Lots & Niches >
        • Cemetery Bylaws
        • Columbarium Bylaws
      • Cemetery Maps >
        • North Cemetery Maps
        • South Cemetery Maps
      • Geneology Services >
        • Elim's Anniversary Books
    • Children, Youth & Family >
      • Confirmation
      • LOGOS
      • Sunday School
      • Youth
    • Feed My Starving Children Moble Pack >
      • FMSC Videos
    • Food Shelf >
      • Backpack Program
    • Foundation >
      • Donating Stock
      • Designated Funds
      • 2021 Foundation Recipients
      • 2020 Foundation Recipients
      • 2019 Foundation Recipients
    • Gammelgarden
    • Library
    • Loss and Grief Support Group
    • Park Board
    • Preschool
    • Quilting
    • God's Work, Our Hands
    • St. Andrew's Family Shelter
  • Giving
    • Giving via Recycling and Reusing
    • Fair Trade Items
  • Elim Yard Sale 2022