Many Frontiers partners make gifts of stock that bless Frontiers workers, field projects, or the work of the U.S. office, recruiting, sending and serving workers. By giving stock, they may avoid paying any capital gains taxes and also receive a tax deduction.
If you sense the Lord leading you to make a stock gift, here are some instructions:
1. Instruct your broker to transfer stock shares to Frontiers’ Merrill Lynch account: 234-07A89. Merrill Lynch’s DTC number is 5198. Please also call our broker, Ron Mabry, at 480.898.6604, and he will supply information to help you proceed.
2. To ensure safe delivery, please give Frontiers notice of your stock gift by sending an email to development@frontiersusa.org , or, if you prefer, mail a letter to:
Frontiers
Attention: Planned Giving
P.O. Box 60670
Phoenix, AZ, 85082-0670
In your email or letter, please indicate the number, type(s) of shares, and the intended designation:
3. After the stock gift has been received at Merrill Lynch, Ron Mabry will also notify Frontiers.
Frontiers will issue you a receipt for the number and type(s) of shares. The IRS requires you to determine the fair market value of a stock if you wish to deduct the amount. Fair market value may be determined by averaging the stock’s high and low prices on the transfer date.
We typically sell the stock we receive immediately.
Thank you for your support to bless Muslims with the hope found only in Jesus.
Gifts with a value of $500 or more incur an obligation to file IRS form 8283 with your annual tax return. Click here to obtain a copy of IRS form 8283, and to access the IRS's instructions on this form, click here.
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