Market Securities (Stocks, Bonds, etc.) that have increased in value and have been held for over one year are a good source of funds to donate to the Church and Foundation. Since SOUTH SHORES CHURCH (Tax ID 95-2557130) and SOUTH SHORES CHURCH FOUNDATION (Tax ID 87-0699604) are both 501(c)(3) organizations, you may get a tax deduction for the full market value at the date of the gift, this allows you to avoid paying income tax on the gains and maximizes the gift to the Church or Foundation.
We have listed below three brokerage accounts that you may transfer your securities to. Your broker will use this information to transfer the securities to the Church or Foundation. Please do not sell the securities, they must be transferred.
If you have any questions please contact Damien Cortese, CFO at dcortese@southshores.org or (949) 496-9331. Thank you for including SOUTH SHORES CHURCH and SOUTH SHORES CHURCH FOUNDATION in your charitable giving. Please let us know you are making a stock donation (stock name, number of shares, and expected date of transfer), so we can properly credit your donation.
General Fund
Broker Firm: CHARLES SCHWAB
Account Name: SOUTH SHORES BAPTIST CHURCH
Account Number: 7820-1639
DTC Number: 0164
Building Fund
Broker Firm: CHARLES SCHWAB
Account Name: SOUTH SHORES BAPTIST CHURCH
Account Number: 8359-5171
DTC Number: 0164
Foundation Fund
Broker Firm: RAYMOND JAMES
Account Name: SOUTH SHORES CHURCH FOUNDATION
Account Number: 591DT260
DTC Number: 0725