Gifts of Securities
A Tax-Efficient Way to Create Forever Value
Donating securities is a powerful way to support charitable works while maximizing tax advantages. Whether you choose publicly traded stocks or closely held securities, your gift strengthens the Foundation’s mission of ensuring a Christ-centered future.
What is a Gift of Security?
A gift of securities involves donating financial assets such as stocks, bonds, or ownership interests to the Catholic Legacy Foundation of Acadiana (Tax I.D. #99-4679427). By transferring these assets to the Foundation, you can make a meaningful impact while potentially receiving significant tax benefits. Securities gifts can include:
- Publicly Traded Securities — Stocks, bonds, and mutual fund shares traded on public exchanges.
- Closely Held Securities — Privately held company shares, partnership interests, or other non-publicly traded ownership forms.
- Debt or equity positions in non-publicly traded companies
- Interests in Limited Partnerships or Limited Liability Companies
These gifts not only provide vital resources to advance our mission but also allow you to leverage appreciated assets for charitable giving without incurring capital gains taxes.
Benefits of Giving Securities
- Tax Advantages — Receive a charitable tax deduction and potentially avoid capital gains taxes.
- Impactful Giving — Support Catholic parishes, schools, and ministries while aligning your investment with your faith.
How it Works
Contact the Foundation for a Gift Intention Form and the contact information for our broker who will receive your donation of securities. Securities are credited to the Foundation upon receipt and valued at the mean of the high/low price on the transfer date.
- Sale of Securities — As a general rule, all marketable securities are sold upon receipt, and the proceeds—after any commissions or expenses—support our charitable initiatives.
- Restricted Securities — If securities are restricted by applicable laws, their acceptance will be reviewed and approved by the Foundation’s Finance Committee.
- Closely Held Securities — We also accept closely held securities, such as:
- Debt or equity positions in non-publicly traded companies
- Interests in Limited Partnerships (LPs) or Limited Liability Companies (LLCs)
Key Considerations
- Marketability — The likelihood of converting the securities to cash within 10 years
- Restrictions — Any limitations that may impact the sale or transfer of the securities
- Reputation — Alignment with the Foundation’s mission and values
- Tax Consequences — Ensuring no undesirable tax implications for the Foundation
To ensure compliance, all closely held securities are subject to review by the Foundation’s Finance Committee. Additional appraisals or recommendations from outside professionals may be required.
Start Your Legacy Today
Ready to give a gift of securities?
To explore how a gift of securities can support the Catholic Legacy Foundation of Acadiana, contact us or complete the gift intention form to get started.
Phone (337) 261-5642 | Email mtrahan@CLFAinc.org | Contact Us