Stock Donations

Donating Stock to the Church provide you with a double tax benefit. First, you may be able to claim a charitable contribution deduction in the amount of the current market value of the donated stock. That is, you can deduct not only the original cost you paid for the donated shares but also the increase in the value of those shares. Second, you can avoid paying taxes on the appreciated value of the stock. The greater the amount of appreciation, the more capital gains tax the shareholder will face if the stock is sold. But this tax can be avoided if you donate the stock to the church, and also the church pays no capital gains tax when it sells the donated stock. Generally publicly traded stock is preferable given the parameters of the IRS. For more information about the process for donating stock contact our Parish Administrator.