Stock Transfers

Procedures for Gifting Stock to Immanuel Presbyterian Church--DTC INSTRUCTIONS for use with Immanuel’s Charles Schwab account only. All others, please contact the business office.

Individuals are welcome to transfer stock from investment accounts to Immanuel at any time. The following procedures will ensure that your gift is properly documented and accounted for:

TRANSFER

1. You can gift stock via a DTC (Depository Trust Company) transfer into this account by providing written instructions to your current broker.

2. Your letter should read as follows and MUST include the information in italics:

“This is my authorization to transfer from my account, account # xxx-xxxx, via DTC transfer, the following securities: 300 shares of XYZ."

"Please deliver these securities to DTC Clearing 0164, Code 40. These securities are being delivered for the account of Immanuel Presbyterian Church, account #4625-5120."

3. Due to the nature of a DTC transfer, it is important that you inform the church that you have made this gift so you can receive proper tax credits. Please fax, mail or email the following information to the business office, Attn: Mary Ann Vaughan:

The name of the stock you are gifting, The number of shares and approximate value, The date your request was made, Your name and phone number for daytime contact.
Note: Gifting stock in certificate form is an option; however due to the volatility of the market, we ask that it be considered as a last choice. If you do choose this option. please:

1. make sure your stock certificate is endorsed on the back of the stock certificate EXACTLY as it appears on the front of your certificate;

2. complete a third party release form (this form transfers ownership of your stock to the church and can be obtained from the church business office); and

3. have this third party release form notarized.

Please e-mail the Business Manager or call her at (703) 356-3042 if you have any further questions about gifting stock. Thank you.

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