Stock Gifts

Stocks Making History

Many stocks have had a high return over the last few years. Vast amounts of unrealized profits that could be used to further the cause of Christ have been lost in stocks and real estate when not sold at the proper time. Giving now could be vital if the stock market declines or if Congress eliminates the deduction for gifts at their full market value.

Appreciated Assets

Why give cash that has already been taxed? Give appreciated stocks, bonds, real estate, and mutual fund shares that have not been taxed and receive double tax benefits (full value tax deduction and avoid capital gains tax) if held at least one year.

Example	Gift of Stocks	Gift of Cash

Charitable Deduction-Stocks	$187,000	$187,000
Original Invested Amount	-100,000
Capital Gain	87,000	- -
Tax Savings (187,000 x 39.6% Federal & 6% State*)	85,300	85,300
Capital Gain Tax Saved ($87,000 x 34%-Federal & State)	29,600
Total Tax Savings	114,900	85,300
"Cost" of Gift to you ($187,000-tax savings)	$72,100	$101,700

*This can vary based upon your income level and State of residence.

Giving stock can result in increased giving because you would not have to pay the capital gains tax on your stocks' increased value. In the example above, you could add $29,600 more to your gift at no cost to you.

Repurchased Stocks

You want to give but you don't want to get rid of your favorite stock! Consider a gift of that favorite stock now and buy back that same stock with your tax savings ($85,300 in above example), resulting in a new higher cost basis of that stock.

Stock Options

You can exercise your stock options and give the stock without any cash required to exercise your stock options.

Benefits

Non-cash giving throughout your lifetime can provide these benefits:

Increase charitable deductions.
Eliminate capital gains taxes.
Lower estate taxes.
Increase income yield.
Enable you to give a larger gift.
Advance the work of God's Kingdom sooner.

Partial and Allocated Gifts

Non-cash giving is simple. You can donate partial amounts of stock and real estate. Donations can be allocated to your church and to other ministries.

Family Stock

Family-owned corporate stock can be given to the ministry, and your corporation, or possibly your retirement plan, can buy back the stock and provide current funds to the ministry.

Donating a Gift of Stock

If you are interested in making a stock gift, please contact Emily Hadduck in our finance department as follows:

    Emily Hadduck
    Promise Keepers
    P.O. Box 11798
    Denver, CO 80211-0798
    303-964-7612--Direct
    Email Emily

She would be happy to provide you with the appropriate account number that you would need for transferring your gift.

You may also call (303) 964-7887 (24 hours a day/7 days a week) for recorded information.

It would also be extremely helpful if you could contact the Promise Keepers office about your gift in order for us to acknowledge it properly. Please contact Emily Hadduck at 303-964-7612 or fax her at 303-433-1036.

Thank you in advance for considering a stock gift to Promise Keepers. Your generosity is greatly appreciated.

(Page updated: 2/5/07)

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