Stock Donation
Stock donations, instead of cash, can be one of the most cost-effective ways to give.
Two key advantages are realized with a stock donation:
Capital Gains
Any long-term appreciated securities with unrealized gains (meaning they are purchased over a year ago, and have a current value greater than their original cost) may be donated to a public charity and a tax deduction taken for the full fair market value of the securities – up to 30% of the donor adjusted gross income.
Since the securities are donated rather than sold, capital gains taxes on the securities sale no longer apply.
- Capital gains tax is potentially eliminated.
- Stock gifts are eligible for standard tax deduction.
Capital Gains
Any long-term appreciated securities with unrealized gains (meaning they are purchased over a year ago, and have a current value greater than their original cost) may be donated to a public charity and a tax deduction taken for the full fair market value of the securities – up to 30% of the donor adjusted gross income.
Since the securities are donated rather than sold, capital gains taxes on the securities sale no longer apply.
Stock Donations
Stock donations to a charitable organization like Rejoice Lutheran Church, are eligible for a charitable tax deduction on both Federal and State taxes. Rejoice Lutheran Church is considered a 501(c) (3) charitable organization by the IRS, eligible to receive tax deductible contributions.
How to Donate Stock
Charitable Contribution Comparison
Stock donations to a charitable organization like Rejoice Lutheran Church, are eligible for a charitable tax deduction on both Federal and State taxes. Rejoice Lutheran Church is considered a 501(c) (3) charitable organization by the IRS, eligible to receive tax deductible contributions.
How to Donate Stock
- Create a letter of intent. Print three copies.
- Mail the letter to your banker/broker. Send a copy to Rejoice, and keep a copy for your records.
Charitable Contribution Comparison
