TFE maintains a special brokerage account at Charles Schwab that is available for parishes, organizations, or individuals within the Diocese of Milwaukee to complete the sale of donated securities. The only cost for use of this account is a small exchange trading fee of a few cents.
Once the securities are transferred into the account, TFE sells the securities and transmits the net proceeds to the parish or organization designated by the donor. The donor receives an acknowledgement letter from TFE noting the market value of the donated securities for tax purposes.
If you wish more information regarding donating securities, please contact our Executive Director, Jill Heller, at (262) 902-5901, or by email at firstname.lastname@example.org.
Click the link for instructions for giving gifts of stock: Giving Gifts of Securities 2019