Stock Donation Program

The ability to give stock to Atonement may be a good way to maximize your giving and your tax benefits.

The ability to give stock to Atonement may be a good way to maximize your giving and your tax benefits. This was not possible in the past as Atonement had no way to receive the stock.  Now however, the WELS Foundation will accept a stock transfer on Atonement’s behalf.  They will immediately sell the stock and remit the proceeds to Atonement.

Please don’t accept this as the only source of tax advice, but generally, the following requirements should be met to maximize your benefits:

  • The stock should be held for over a year (long term)
  • The stock should have appreciated since its purchase
  • You will itemize your deductions on your taxes

If you meet these requirements, then the following benefits should apply:

  • You will not pay capital gains tax on the appreciation
  • You can deduct the full fair market value of the stock when donated
  • Atonement will receive the full value of the stock when sold (minus fees)

You are welcome to donate stock even if the above does not apply to you, but note that if the stock is down from the purchase price, the advantage is to sell the stock yourself and donate the proceeds. This allows you to deduct the donation and take a capital loss on your taxes.

If interested, please see below for instructions on transferring stock to the WELS Foundation and having its proceeds remitted to Atonement. It is a great way to support your church and its ministries, whether giving to the general fund or fulfilling your building fund pledge.

Next Steps

The WELS Foundation is happy to accept stock transfers in support of Atonement’s ministry. Judy Ceman is our contact at the WELS Foundation and she has provided the following information needed to transfer securities.

It is suggested that you send her an email first to make sure she is still the proper contact for such a transaction. After confirmation, simply use step 1 information to transfer your securities to the WELS Foundation and step 2 to direct the WELS foundation to remit the sales of the transferred securities to Atonement.

Note that the WELS Foundation will sell the transferred securities as soon as possible. You and Atonement should both receive a letter when the gift is remitted, but it is a good idea to let the financial secretary and treasurer know that the gift is coming, especially if giving to other than the general fund. They can be contacted at financial_secretary@atonement.org and treasurer@atonement.org.
WELS Foundation Contact Information:

Judith (Judy) E. Ceman,
Senior Treasury Assistant
Wisconsin Evangelical Lutheran Synod
N16W23377 Stone Ridge Drive,
Waukesha, WI 53188
judy.ceman@wels.net
phone: 414-256-3257
fax: 262-522-2800
www.wels.net


Step 1. Transfer of securities to the WELS Foundation
Transfer shares to Scottrade

Account Name: WELS Foundation, Inc.
Account # 84344335
DTC# 0705 Foundation
EIN# 39-6084446

Scottrade
17000F W Bluemound Rd
Ste 130
Brookfield, WI 53005
262-641-2399
800-888-1981

Step 2. Email the WELS Foundation your securities detail and remittance instructions

To: judy.ceman@wels.net

Subject: Stock Transfer for Atonement Lutheran Church of Plano TX

Judy,

I have just initiated a securities transfer in support of Atonement Lutheran Church of Plano, TX.

Donor:

NAME
ADDRESS
Phone: (###) ###-####
Email: EMAIL@ADDRESS.COM

Number of shares gifted: ####
Name of Shares: SHARE NAME/SYMBOL
Date Gifted: 00/00/0000
Designation of Gift:

Please remit proceeds to

Atonement Ev. Lutheran Church
4412 Legacy Dr.
Plano, TX 75024

Click here to download a copy of these instructions.

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Service Times

Atonement Lutheran Church 
Meets Every Sunday

Worship: 8:00 + 10:30 AM
Bible Class + Sunday School: 9:15 AM

All are welcome!

Church Location
+ Hours

4412 Legacy Drive
Plano, TX 75024

M-F: 9:00 AM - 3:00 PM
Sundays: 8:00 AM - 12:00 PM

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