Stock Gifts
A Guide To Year-End Charitable Gift of Stock
A year end gift now can provide you with a feeling of personal satisfaction and demonstrate your belief in the mission of Wesley Freedom UMC. It may also result in a more tangible return—in the form of desirable tax benefits. Charitable contribution deductions on your current income tax return and capital gains tax savings are two possible benefits. Future estate tax savings may also result from your gift.
Do you own Stock that has grown in value and you have held for more than one year? This can become a substantial gift, made at a low net cost to you. You still receive a charitable deduction for the donation of these assets, and it’s based on their fair market value on the date of the gift. But there’s a bonus—you avoid all federal capital gains tax that would otherwise be due on a sale of the assets.
Our unique partnership with the Mid-Atlantic United Methodist Foundation gives you the opportunity to transact this gift at no cost. To consider the possibility and receive detailed information on how to complete a transfer, call the Foundation’s office: 484-762-8211 or email tracybrown@midatlanticfoundation.org