Hope Bible Church welcomes the gift of stock and other securities. A gift of stock (or other appreciated property) entitles you to a tax deduction for the market value of the donated stock (not just your cost basis). If the stock you wish to donate has been held for more than one year, you can avoid capital gains tax on any appreciation of the stock by donating the stock prior to sale. Hope Bible Church benefits by selling the stock without paying taxes on the gain, and you benefit from making a contribution that would be larger than what you might have been able to donate in cash.
Before you decide to use securities to make a gift, please consider the following information:
Please note that Hope Bible Church and its employees do not give legal, tax, or accounting advice. Tax laws and regulations are complex and depend on individual circumstances. For complete details, consult your attorney, accountant, and/or tax advisor. To arrange for the transfer of stock to Hope Bible Church, please contact the church’s administrator, Ross Levin.