More than 60 percent of Americans own securities, and many are finding that giving securities instead of cash provides them with tax savings that allow them to make a larger charitable gift at the same cost.
If you own stock that is worth more than you paid for it, consider donating it directly to Ward Church instead of writing a check or making an online payment. If you have held the stock for more than 12 months, you will avoid paying capital gains tax on the appreciated value and you may also claim an income tax charitable deduction for the full fair market value of the stock.
Sound interesting to you? If so, contact your financial advisor/broker for the details of how they could make the transfer for you. Or contact our Director of Development, email@example.com (734.355.6819). He will be pleased to provide you or your advisors with more information as you consider your plans.