The Church can accept both publicly-traded and closely-held securities.
Publicly-traded Securities: Marketable securities may be transferred to an account maintained by the Church at one or more brokerage firms, to the Missouri United Methodist Foundation for the benefit of the Church, or delivered physically to the Church with the transferor’s signature or stock power attached. Generally, all marketable securities shall be sold upon receipt unless otherwise directed by the Church. In some cases, marketable securities may be restricted by applicable securities laws. In such instances, the Church shall make the final determination on the acceptance of the restricted securities.
Closely-held Securities: Closely held securities, which include not only debt and equity positions in non-publicly traded companies but also interests in LLPs and LLCs or other ownership forms, can be accepted subject to the approval of the Church. However, gifts must be reviewed before acceptance to determine that:
- There are no restrictions on security that would prevent the Church from
ultimately converting those assets to cash
- The deposit is marketable, and
- The deposit will not generate any undesirable tax consequences for the
If potential problems arise on an initial review of the security, further review and
recommendation by an outside professional may be sought before making a final decision on acceptance of the gift. The Church and legal counsel shall make the final determination on the acceptance of closely-held securities when necessary.
Every effort will be made to sell non-marketable securities as quickly as possible.
Questions regarding the tax benefits of such a gift are deferred to the donor’s tax
If you have questions, comments, or need more information, please contact Robyn at [email protected] or Dale Carder at [email protected]. UMCburg works closely with the Missouri United Methodist Foundation to ensure the proper execution of donors’ wishes and intents.