Appreciated assets – such as stocks, bonds or mutual funds that have gained in value – are an excellent way to make a gift to Reveille UMC, and may have tax benefits for the donor. These securities may be donated directly or used in planned gifts (like charitable trusts or charitable gift annuities).
Donating appreciated assets to a qualified organization such as Reveille UMC usually allows the donor to avoid or defer the capital gains tax that would be owed if such assets were sold. Plus, the value of the donation is the fair market value of the securities on the date of the gift, which is deductible from the donor's federal income taxes (up to the IRS limits). In terms of tax benefits, it is often better to give appreciated assets rather than cash
To learn more about making a gift of securities to Reveille, please contact our financial administrator at email@example.com
or (804) 359-6041, ext. 118.
Please note that in order to maximize the tax advantages to the donor:
• Stocks and mutual funds should be transferred in kind, not sold or liquidated. After the securities are transferred to Reveille, they will be liquidated, with the church retaining the proceeds from the sale.
• Donating stocks and mutual funds can take several days to complete. Please allow plenty of time for the transfer, especially if the date of the gift is important (for example, at the end of the year).
This information is for general guidance only, and not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisers before engaging in any transaction.