STOCK
Gifts of appreciated stock, bonds or mutual funds held for more than one year can support the ELCA, your congregation or the ministries you specify and provide special tax advantages.
With a gift of stock, bonds or mutual funds, you can:
Support charitable causes without depleting cash reserves
Take an income-tax deduction for the asset’s full fair market value
Avoid capital gains taxes on the appreciated assets
More Information:
To transfer securities to Faith Lutheran Church: You or your broker should contact Faith Lutheran at business@faithlc.org or 515-225-8334 for security transfer instructions and brokerage account information. You should notify Faith when donating securities for a specific program or purpose.
Deduction – For gifts of publicly traded securities, the deduction is determined by taking the average, or mean, between the high and low trading prices of the security on the date of the gift (or the nearest trading date(s)).
Other securities – Closely held stock, Subchapter S corporate stock, limited liability company interests and partnerships can sometimes be used to make a charitable gift. Any proposed gift of such assets should be reviewed with The ELCA Foundation and the donor’s tax advisors in advance. An S corporation, limited liability company or partnership may also donate specific assets and the deduction will be divided among the shareholders or members.
Ready to take the next step? Contact Pastor Eric Carlson at eric@faithlc.org or call 515-225-8334.