Stock or Property

City Union Mission gratefully accepts gifts of property and gifts of securities: stocks, bonds, and mutual funds.  

Gifts of Real Estate Property

Some donors generously donate gifts for real estate property to City Union Mission. These have been a great resource for us to help minister to the poor or homeless. If you have real estate property that you are considering donating to City Union Mission, please contact Linda Vochatzer, our Chief Financial Officer, by calling 816-329-1463 or by email at linda.vochatzer@cityunionmission.org

Gifts of Stock and other Securities

Gifts of stocks and other securities (bonds, mutual funds, etc.) are a great way to give without depleting you liquid cash reserves. Our bank, Commerce Trust Company, handles the receipt of securities transfers for us. Our representative there is Carrie Larson, a Certified Trust Financial Advisor. You can contact her by phone at 816-234-2000, ext. 2883 or by email at carrie.larson@commercebank.com.

We request you contact City Union Mission prior to making your gift, as stock transfers are often completed without the donor's identity included. By contacting us with the name of the stock and the number of shares donated, it will assist in locating your gift quickly. To notify us of a possible or executed security transfer gift, or if you have questions about these instructions or would like to discuss making a gift of stock, bonds, or mutual funds, please call at 816-329-1475 or by email CLICK HERE.

Giving Appreciated Property

If you have non-cash property, such as stocks and mutual funds, that has grown in value (appreciated) and been held long-term (more than one year), you can generally enjoy greater tax savings from giving such property than from giving an equivalent amount of cash. That's because a gift of appreciated property lets you bypass capital gains tax that could be due if you sold the asset. You are also entitled to a charitable deduction based on the property's current value, including the "paper profits" you have earned since you have owned it. This is an excellent way to make an important gift to City Union Mission's work.

Giving Depreciated Property

If you have stock or other property that has decreased in value, you will normally save more in taxes by selling them and giving the proceeds. You may then be able to claim a capital loss on your tax return. You can also deduct the cash proceeds you give as a charitable gift. The result can be to enjoy tax deductions that amount to more than the current value of the asset.

Making the Gift

Please consult your tax advisor as to whether a gift of stock, bonds or mutual funds is a good strategy for you. If you do decide to process one of these as a gift, please contact City Union Mission within 24 hours of making your gift, as stock transfers are often completed without the donor's identity included. If your broker is handling this for you, please direct them to notify us of your gift, telling us your name, address and the number and name of the financial instrument. By contacting us with the name of the stock and the number of shares donated, it will assist in locating your gift quickly.

If you have questions about these instructions or would like to discuss making a gift of stock, please call at 816-329-1475 or by email CLICK HERE.