On behalf of Rural & Migrant Ministry, Inc. (RMM), I wish to thank you for your interest in donating *Stock to the ministry. * FOR DONATIONS OF MUTUAL FUNDS, PLEASE CALL LAURA LECOUR AT RMM DIRECTLY AT 845-485-8627. While RMM does not have an account that can receive a gift of Securities, we can still accept such gifts by using the Episcopal Diocese of New York to receive the security. The Diocese will instruct their Fiduciary to sell it, and they will send us a check for the proceeds.
Transferring the stock to the ministry is quite easy and involves the following steps:
- Notify RMM and your Broker in writing that you wish to donate Securities to RMM, including the name and quantity of the Security. a. Make sure that on the instructions to sell, your Broker writes that the Beneficiary of the gift is RMM
- We will, in turn: a. Notify the Controller's office at the Episcopal Diocese of New York that we are arranging a gift. We will let them know how many shares of what Security is involved so that they can give instructions to their Broker to sell. b. We will also let them know that RMM is the Beneficiary of the gift so that they will know where to send the proceeds of the sale. c. The Controller's office will tell their Fiduciary to expect the gift and to sell it immediately and send them a check for the proceeds.
- Give your Broker/Bank the following information: the shares should be delivered through DTC (Depository Trust Co.) or in good negotiable form for the account of: JP Morgan Chase Bank JP Morgan A/C #P56059 For Fiduciary Trust Int'l Clients DTC Participant #902 For A/C#440560118 Attn: Renaldy Valverde
Upon receipt and registration of the stock, you will receive an acknowledgment letter for tax purposes. Included in this acknowledgment will be the value of the stock as officially received by RMM upon its sale. RMM is a 501(c)(3) non-profit organization; therefore your donation will be tax deductible.
If you have any questions, please feel free to call me at (845) 485-8627. Thank you so much for your generosity and for helping RMM live into its Mission.
Sincerely, Laura Lecour Managing Director Rural & Migrant Ministry, Inc.