Stocks, Bonds and Mutual Funds

Gifts of stock and mutual funds are a tax-efficient method of making charitable contributions. You receive an income tax deduction to the extent allowed by law for the fair market value of your stock on the date of your gift. This allows you to bypass all capital gains taxes that would have been due if you sold the stock first.

There are two ways to make a gift of stock to the Seton Fund:

  1. Electronic transfer
  2. Physical delivery of stock certificates.

IMPORTANT: Please note that in order for your gift to be acknowledged and to receive a tax receipt from the Seton Fund, these steps must be followed:

Electronic Transfer

  1. IMPORTANT* Please fax the following information to the Seton Fund, 512-324-1989, regarding your gift of stock:
    a) name of the stock(s)
    b) number of shares
    c) date of your transfer instructions to your broker
    d) name of your broker and contact information
    e) whether your gift is designated to a special program within the
    Seton Family of Hospitals.
  2. Provide written instructions for your broker to make a transfer to the Seton Fund specifying the name of the stock and the number of shares to be transferred. If you inform the broker verbally, it is advisable to follow up in writing.
  3. Have transfer sent to:

Bank: Charles Schwab
DTC# 0164 Code 40
Account Name: Seton Fund of the Daughters of Charity of St Vincent DePaul
Account Number: 6358-8226

Contact the Seton Fund at (512) 324-1990 for any questions related to electronic transfer to the Seton Fund account.


Stock Certificate Transfers

Please contact the Seton Fund at (512) 324-1990 for instructions regarding gifts of physical stock certificates.

Stock Valuation

  1. The date of your gift is considered to be the date on which your electronic transfer is received into the Seton Fund account, the date on which you deliver your certificates and stock powers to the Seton Fund, or the postmark date (if mailed).
  2. The tax-deductible value of your gift is the sum of the high and low prices on the date of your gift divided by two, multiplied by the number of shares given.

For further information, please contact us at (512) 324-1990.

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