Gifts of Stocks and Bonds

Stocks, bonds, and mutual funds are great ways to give without incurring capital gains on appreciated assets. Gifting appreciated assets results in a double tax benefit: 1) If you’ve held the asset longer than one year (long-term capital gain property), you avoid paying capital gains tax on the appreciated asset; 2) The gifted amount is an eligible tax deduction and will be listed on your annual church giving statement.

For example, if you purchased stock for $1,000 several years ago and its value is now $10,000, rather than selling the stock and paying tax on the $9,000 gain, you could donate the stock directly to the church. You avoid capital gains taxes on the $9,000, receive a $10,000 charitable giving tax deduction, as well as provide the church with the full $10,000 value of the stock.

The process is easy.  Contact the church office for a Transfer Form, submit the form to your brokerage firm who will transfer the funds from your account to the church account via the National Christian Foundation (NCF).  There is no requirement for you to create an account with NCF.

For more information, visit NationalChristian.com/stock

To download the transfer form, please click here.

 

For questions regarding gifts of stocks and bonds, please contact our Director of Business Operations, Lori Prats at lprats@communitycc.com or (954) 724-7400 x233.