Donate Stock

Your gift to Goodwill Rescue Mission in the form of stocks that have appreciated value may be particularly beneficial to you under the current tax laws.

When you transfer ownership of securities or stocks to Goodwill Rescue Mission, you may receive a charitable tax deduction for their full market value, while avoiding any capital gains tax (subject to IRS deduction limits).

In order to take full advantage of these benefits, we need to have your information readily available. Unfortunately, most electronic transfers provide only partial information about you, the donor.

How to Transfer Stock

In the summer of 2016. Goodwill Rescue Mission joined The Bowery Mission, one of New York City’s most respected faith-based rescue missions, to form one organization. To help us reduce our administrative and transactional costs, we now receive all our gifts in stock through The Bowery Mission.

Please email James Winans and let us know you are making a gift of stock. This is important to insure proper receipt and acknowledgement of your gift. Then, you can select an electronic or physical transfer.

Electronic Transfer

To donate cash via wire transfer, please contact Robert Depue, Chief Financial & Administrative Officer (rdepue@bowery.org or 646-362-3125) or Nat Yang, Controller & Senior Director of Financial Reporting (nyang@bowery.org or 646-362-3134).

Physical Transfer

You can forward your stock certificate(s) directly to The Bowery Mission. Each stock certificate requires a stock power form. The stock powers should be signed and the signature guaranteed by your local bank or broker.

Mail the stock powers, along with a letter indicating your intent to make a gift, to the address below. Under separate cover, send the stock certificate(s) to the same address. We recommend that you send the certificate(s) via registered mail or deliver them in person to:

Rob Depue
Chief Financial Officer
The Bowery Mission
432 Park Avenue South
3rd Floor
New York, NY 10016
646-362-3125

The above information is not intended as legal or financial advice. Please consult your personal advisors for the applicability of these principles to your own situation.

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