Gifts of securities and mutual fund shares
G.R.A.C.E. Scholars, Inc. accepts gifts of securities and mutal fund shares. Such gifts are handled through the Archdiocese of Atlanta Office of Finance. The archdiocese receives and sells the shares and forwards the net proceeds to GRACE. Gifts of securities and mutual fund shares are subject to procedures of the archdiocese and its broker. Instructions and forms are listed below.
Gifts are also subject to state law regarding private school tuition assistance tax credits. For more information, visit Contribution Process on this website.
When communicating with the broker and the archdiocesan finance office, it is important to identify GRACE and your designation as the beneficiary of your gift — “G.R.A.C.E. Scholars, Inc./Board Choice or name of school,” for example.
The process runs more smoothly when staff are given early notice. The contact at the archdiocesan office of finance is Mary Ann Brown (404-920-7407). For coordination purposes, please also contact David Brown (404-920-7903), director of GRACE Scholars.
With a gift of securities or mutual fund shares, donors may use their own broker/agent to transfer stock. If the stock has been held more than one year, the donor may avoid capital gains tax on the shares as well as a tax deduction for the full value of the stock. Please consult tax advisor about your particular situation.
Instructions for Making a Charitable Gift of Securities
Procedures for Donation of Mutual Fund Shares Held at Broker
Sample Letter of Intent to Gift Shares of a Mutual Fund Held in a Brokerage Account