Giving long-term appreciated stock can be easily accomplished through The Foundation. The Foundation offers individuals, churches, and agencies the use of our discount brokerage account. Proceeds from the sale of securities can be used to start or increase an endowment or donor advised fund, create a charitable gift annuity, or can be “passed through” directly to the ministry of your choice.
Gifts of long-term appreciated stock offers you two ways to save taxes. First, you avoid paying any capital gains tax on the increase in value of your stock. In addition, you may receive a tax deduction for the full fair market value of the stock on the date of the gift.
If your stock has depreciated in value, you may want to sell the stock and then donate the cash proceeds to The Foundation. In this way, you may be able to take advantage of the tax benefit of a capital loss as well as receive a potential tax deduction for the market value of the stock.
You can download Stock Transfer Instructions that you can provide to your financial advisor. If you decide to make a gift of stock, please contact The Foundation to provide your instructions to us regarding your gift. Feel free to call with questions.