Thank you very much for considering us for your stock donation.
Both you and Hill City benefit the most by transferring the stock(s) to Hill City instead of you selling the stock and then donating the proceeds. The tax benefits can be as much as 30% for a direct transfer to Hill City; as compared to selling it, paying capital gains taxes, and then donating the remaining proceeds to the church.
Hill City has a BB&T Scott & Stringfellow account for the purposes of stock gift transfers. The fastest and easiest way to make a stock gift is to have your broker perform an electronic transfer. He or she will need the following information:
DTC # is 0702
Account Name: Hill City Church
Account #: 31191243
Brokerage: BB&T Scott & Stringfellow
Please notify Joe Miller at email@example.com when the transfer occurs so we can be on the lookout for the transaction.
Our standard policy is to immediately sell the stock and record the proceeds in our database as a stock gift from you. Please let us know if there are any other considerations we should take into account or if you have any questions.
Thanks again for your generosity!