Stock Contributions

There are three ways to contribute stock to the church. One, you request a transfer through your broker that a certain number of shares be transferred directly into the church's brokerage account. Two, you have in your possession a certificate in your name. Three, you have arranged through your broker to have stock put in the church's name. The steps to be taken to complete the contribution are similar. The following describe the steps to be taken in each instance:

  1. Transfer of Stock From Donor's Broker Directly to CFBC's Broker: This can be done without coming into The Administration Office. All you will need to do is complete the attached "Letter of Authorization - Stock Transfer" form and fax it or mail it to your broker. Be sure to fax or mail a copy to the Administration Office of Champion Forest Baptist Church. [Fax: (281) 440-5316 0r by mail: 15555 Stuebner Airline Rd, Houston, TX 77069] Once the stock reaches the church's account, the Administration Office will mail the donor a letter acknowledging the contribution of the stock as of the date the transaction was initiated. Letter of Authorization - Stock Transfer (.doc)
  2. Certificate Held in Donor's Name: The donor will need to complete a "Third Party Release" form that the Administration office will provide and it must be signed in the presence of a notary. This can be done at the church Office. Please call ahead and arrange for a time. We can fill in all of the Information required before you arrive and it should take only a few minutes To complete the signing and notarization of the form, and the stock Certificate in the presence of the notary. Do NOT fill out any of the information on the certificate until you reach the office. The Administration Office will provide the donor a letter acknowledging the contribution of the stock as of the date the transaction was initiated. Third Party Release Form (.doc)
  3. Certificate that has been put in the name of the church: Donor needs only to bring or mail their stock certificate to the church Administration office, accompanied by a "Donation Description" letter describing the gift (number of shares and stock name) and signed by the donor. (The Administration Office can provide a form to aid in preparing this, however that is not necessary if you follow the directions in the sentence above.) The Administration Office will mail the donor a letter acknowledging the contribution of the stock as of the date the transaction was initiated.

Because the contribution of stock is a non-cash contribution, the amount received will not appear on the donor's giving record. A letter will be mailed to the donor confirming the gift. This letter is for your records and is to be used as confirmation of the gift as support for federal tax purposes. The church does not place a value on the stock. A record should be kept by the donor, of the value of the stock on the day donated.

Donation Description Letter (.doc)

For assistance or information please contact Jenny Schaefer online or by phone at 281-885-6759.
Please do not include any account numbers in your electronic correspondence.