Electronic Transfer of Stock Instructions
Gift of Stock
Making a gift of stock to Good Earth Village is a wonderful way to impact lives through the ministry of Good Earth Village. Gifts of securities, such as stock, are one of the most popular assets used for charitable giving because of the mutual benefits provided to the charitable organization and the donor.
How it works
Selling a stock or bond that has appreciated in value subjects the individual seller to a tax on that capital gain. A charity, such as Good Earth Village, is not subject to income taxation therefore it can sell your donated securities without being subject to the capital gains tax. Additionally, a charitable gift of securities held for over one year often entitles the donor to an income tax deduction equal to the value of the security at the time it is given to the charity.
Steps to transfer a gift of stock to Good Earth Village:
1. Contact Good Earth Village at (507) 346-2494 or info@goodearthvillage.org to inform us a stock transfer will be made.
2. Provide the following information from Good Earth Village to share with your broker:
DTC#: 0701
Account #: 5NX15003
Broker: Cetera Investments Services, 400 1st Street S, St. Cloud, MN 56301
3. If your broker has any questions contact Good Earth Village’s Financial Consultant, Scott Rustad, at F&M Community Bank at (507) 765-3823 to make the transfer.
4. Once stock is received, GEV will send a letter of acknowledgement. If you do not receive the letter within one month, please contact Good Earth Village to confirm that the transfer was completed.
**Your stock(s) is valued as the average of the high and low prices on the date of transfer – this is the date the stock was electronically transferred to Good Earth Village or the date stamped on the U.S. Postal Service certified mail receipt.**
Thank you for all the ways you make a difference!