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St. Ignatius St. Ignatius began his life as a soldier in the Spanish army. During battle against France, his leg was wounded by a cannonball. After recuperating, he dedicated his life to the service of Christ. |
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Development
Stock Transfers
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Giving appreciated stock to
Loyola
Academy
is a wonderful way to help us continue our mission and for the owner to receive tax benefits on such gifts. It allows
Loyola
Academy
to receive a larger gift than if it was sold by the owner and the proceeds donated to the school. In turn, the owner receives a greater tax deduction by giving the stock directly to
Loyola
Academy
.
Many people who own stock today have it held for them by their brokerage firm. To sell the securities held by your brokerage firm, an electronic transfer can be done to fulfill your wishes in selling or disposing of securities.
Another means of maintaining holdings of stock is to take delivery of the stock (receive the stock certificate) when purchasing. To sell or transfer stock when a physical certificate is held by the owner, a manual transfer must occur. The owner needs to take or mail the stock certificates to the new owner, a bank or brokerage company (for them to transfer), or to the company’s transfer agent.
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