What are the Advantages of Making a Gift of Securities?
- You avoid all capital gains tax when you contribute long-term appreciated securities to Chosen People Ministries.
- You receive a charitable income tax deduction equal to the fair market value of the securities if they have been held longer than one year.
- The fair market value can be deducted against up to 30% of your adjusted gross income and any excess deductions can be carried forward into as many as five additional tax years.
What if You Still Need the Income Generated by the Stock?
An increasingly popular form of securities gift is a life income gift. Under such arrangements, a donor makes a gift to Chosen People Ministries but continues to receive the income earned by the donated asset. The donor designates who the income recipient or recipients will be. This is a good way to give for a donor who wants to make a gift to Chosen People Ministries now but is uncomfortable about giving up the income derived from the asset.
Stocks that yield little income but are highly appreciated are excellent choices for funding a life-income gift. You can donate these assets to Chosen People Ministries. We can then sell them without incurring the capital gains tax. With the proceeds from the sale, Chosen People Ministries can buy higher yielding stock and pay you the higher income.
How to Transfer Securities to Chosen People Ministries:
Making a gift of securities to Chosen People Ministries is simple.
Just e-mail us or call 212-223-2252 for a Planned Giving Specialist to assist you.
