Thank you for your interest in support of The Cause Church. To help you facilitate a gift of stock, please use the following three simple steps:
Why gift stocks?
1. The satisfaction of knowing your money is invested in a cause important to you.
2. Capital gains taxes on the stock are avoided.
3. You will be eligible to receive an income tax charitable deduction for the full fair-market-value of the stock at the time of the gift.
To qualify for these special tax advantages, the security must have been held for at least one year. A gift of stock in certificate form should be postmarked by December 31 or your financial advisor can arrange for a year-end gift of stock from your account. Your gift of appreciated stock is fully deductible up to 30% of your adjusted gross income. For example, if your adjusted gross income is $100,000, up to $30,000 of long-term appreciated stock and other capital gain property may generally be deducted, although high-income donors may be subject to a partial phase-out of itemized deductions. Any excess can generally be carried forward and deducted over as many as five subsequent years.
How giving away $10,000 in stock can benefit you
Take a look at the tax savings of donating securities versus a cash gift. The chart below assumes you wish to donate shares of stock worth $10,000 that you purchased for $2,000 several years ago.
|Donate appreciated securities outright||Donate $10,000 cash||Sell securities & donate cash|
|Ordinary income tax savings (assumes 35% rate)||$3,500||$3,500||$3,500|
|Capital gains tax paid (assumes 15% tax rate on|
|$1,200 saved||N/A||$1,200 paid|
|Net tax savings||$4,700||$3,500||$2,300|
Please consult your tax advisor for up-to-date information regarding any donation you make to charity as it relates to taxes.