Did you know that you can give a gift of Securities for the Benefit of the Christian Reformed Church in North America (CRCNA) and its Ministries and Agencies?
Step 1. Work with your financial advisor/broker. Let them know your intent to electronically transfer securities to the CRCNA. Your advisor or broker will typically have a form for you to fill out, and will request the following information regarding the CRCNA brokerage account: CRCNA Broker: Merrill Lynch Grand Rapids Our Legal Name: Contact Person: Larry Johnson (616) 334-4081 DTC# 8862 Account# 67604421 Account Name: CRCNA Gift Account
Step 2. Let the CRCNA know your gift is coming. Christian Reformed Church in North America 1700 28th Street, SW Grand Rapids, MI 49508 Federal Tax ID #: 38-2051351 Please let us know your gift is coming. You can do this by emailing to [email protected] or by calling our advancement team at 877-272-6204 to let them know about the gift.
If we do not receive notification of a gift, the shares will be liquidated and placed in a holding account until claimed and we are given instructions. Any gift unclaimed after 12 months will be disbursed to the Ministry Shares program and will be allocated to the CRCNA, Resonate, ReFrame, Thrive, Calvin University and Calvin Theological Seminary according to Synods Recommendations.
Step 3. Confirm your transfer. Transfers must be initiated by your financial advisor/broker. Please confirm with them that the shares have been transferred from your account. The CRCNA will provide you with a charitable receipt for your contribution that will include its value for IRS reporting purposes. The CRCNA and/or the named agency or program will also receive a copy of the letter. Per IRS requirements, your contribution will be reflected as the average of the high and low share price of the stock on the day the share was received, which may differ from the price the share was sold for. If your security is held directly at a transfer agent, proprietary mutual fund firm, or in physical certificate form, please note that we use the Barnabas Foundation to assist us with the sale of the security. If you have questions regarding the gifting of securities, please do not hesitate to contact us at f [email protected] or 616-224-0822. We will be happy to assist you.
Comments
Josh... You may want to add some details to this post with regard to gifts from Canada. I think I saw some info to that effect elsewhere however it was omitted in this post.
Thanks for the comment Fred.
You're right I forgot to include Canada-specific information.
In Canada, the CRCNA partners with Christian Stewardship Services, If you would like to give a gift of securities you can reach out to them at 1.800.267.8890 ext. 217 and learn more about CSS at their website : https://csservices.ca/
You can always reach out to the advancement team at [email protected] to answer any questions you have.
-Josh
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