Stock Donation
Instructions for Gifting Stock to Lafayette Urban Ministry
Contact your broker or trustee to determine their process for donating stock. Most firms will require a“letter of instruction” (LOI) identifying the security(s) you wish to donate, as well as the number of shares. Your firm must have a proprietary LOI.
Gifts should be transferred to LUM’s brokerage account with Morgan Stanley. Their information is listed below:
- Morgan Stanley
- Receiving name/account number—Lafayette Urban Ministry, Account #: 803-014078
- DTC # 0015
Donor should send written communication to LUM (email is fine) with the following information:
- Donor’s name
- Name of stock
- Number of shares
Please be sure to communicate your intent to make a gift of security(s) to Executive Director Wes Tillett (wtillett@lumserve.org) or another LUM staff member as listed below. Our advisors with Morgan Stanley will not receive notification containing donor information, and we want to know whom we should thank for supporting us.
Thank you for your generous support of Lafayette Urban Ministry.
Leanna Giltmier
LUM Finance Director
lgiltmier@lumserve.org
Gayle Koning
LUM Assistant Business Manager
gkoning@lumserve.org
To donate, you simply click the “Donate Stock to LUM” button.
You’ll be walked through the process and your information will be saved so should you return to give again it will be even easier the second time.
You’ll get a confirmation as soon as the transaction is processed. This is an easy way to help us and help yourself, too.
Several of our supporters have been using stock donations to supplement their cash donations and LUM wanted to make you aware of how easy this option is. You may be able to take a tax deduction for the full market value of appreciated stock. And, you don’t have to pay capital gains on stock gifts. It’s a great option that does not cut into disposable income or cash assets. You may want to meet with your tax advisor to ask questions, but it is very easy.
If you have any questions or wish to discuss your giving options further, please call or email Wes Tillett, LUM executive director (765-423-2691 | wtillett@LUMserve.org).