If you are currently donating to Community Christian Church, but also have appreciated stocks or mutual funds in a taxable investment portfolio, you likely have a significant opportunity to pay less tax, give more, improve your personal cash flow, and simplify your giving.
Stocks and mutual funds are great ways to give without incurring capital gains on appreciated assets. Our partnership with National Christian Foundation allows our donors to donate stock & mutual funds into our nonprofit account. Gifting your 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 gift is an eligible tax deduction, as you will receive a charitable donation receipt from National Christian Foundation for the full gifted amount.
For example, if you purchased stock for $1,000 more than one year 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 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.
Follow these easy steps:
Download & fill out this 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.
Download this flyer for more information, or click here.