How to Give Stocks/Securities to Family Fest

Donating appreciated stocks and securities to Family Fest can offer you a tax-efficient alternative way to support Family Fest Ministry. It also allows you to generally avoid paying capital gains tax on the increase in value, and you may be able to claim a charitable deduction for the full fair market value of the shares, subject to IRS rules and limitations. Be sure to consult your tax advisor for guidance on your specific situation.

Ask your broker to make an electronic transfer of shares to Family Fest’s Merrill Lynch account. Family Fest’s EIN is 41-1985709. Other numbers needed: The Merrill Lynch DTC#: 8862. Family Fest Merrill Lynch Account #: 610-02531.

Let us know when you have made the donation and Family Fest will send you a donation acknowledgment letter, stating the fair market value of the gift at the moment it is transferred to our account. This letter can be used for tax-deduction purposes.

Family Fest is a registered non-profit organization in the State of Minnesota, and has tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. For your information, our Tax ID number is: 41-1985709

If you would like further information about ways to financially support Family Fest, please contact Family Fest’s Executive Director at 952.881.0939 or pete@familyfestministries.org.