- Pro-Russian militants killed in Ukraine army base attack as world leaders discuss crisis
- Putin Hopes No Need to Use Russia’s Military Forces in Ukraine
- Poll: Many Americans Consider Obama a ‘Liar’
- Martin Armstrong Warns American Civil Unrest Is Starting Right On Schedule
- Blood moon was a sign from God and now a ‘Huge Event’ will strike mankind, warns church
- Franklin Graham: ‘At Every Turn, the Gay and Lesbian Agenda is Being Pushed by This Administration’
- Passion of Christ religious play banned as it was mistaken for a sex show
Gifts of Stock
You may hold stocks with substantial appreciation. If you’re considering a major gift or end-of-year gift, a gift of public company stock to charity provides two major benefits.
- There is a charitable deduction for the value of the stock.
- The charity does not pay tax on the sale of the stock so you bypass the capital gain.
If you have a large gain or substantial income, you may want to offset that gain or income with a charitable deduction through a gift of stock. Because you receive both the charitable deduction and avoid capital gains tax, there is a double benefit for your gift of stock.
Another reason for making a stock gift is that you may have a very substantial income that could cause you to pay a large income tax. Note that there is a limit to the amount that can be deducted in one year based on a percentage of your adjusted gross income.
Because most stock is held by the brokerage firm, the stock is transferred directly from the account at the brokerage firm to an account for the charity. For any gift more than $250, the charity will issue a receipt.
Please contact us, or have your accountant contact our accounting department by phone: (772) 569-8880 Or email: firstname.lastname@example.org