Gift of Stock- Gift Clearing Online Form | The Church Foundation

Gift of Stock- Gift Clearing Online Form

*After the donor’s broker receives the Gift Clearing Form and makes the trade, the shares will be transferred to The Church Foundation gift clearing account. The assets are sold immediately, and a check for the trade amount will be sent directly to the designated beneficiary (ACH payments or deposits directly into the Consolidated Fund for the benefit of the beneficiary are also available). The Church Foundation then sends confirmation of the transaction and an acknowledgement letter to the donor, with a copy to the beneficiary.