Donating Stock

 

Donating Stock vs. Cash    

Transferring stock, bonds and other securities (held more than one year) is an excellent way to support Cross Roads Brethren in Christ Church and receive double tax benefits, including:

  • A charitable income tax deduction based on the full fair market value of the securities at the time of the contribution; and
  • Avoidance of the capital gain tax otherwise due upon the sale of the appreciated stock, bonds or mutual funds, and have the chance to rebalance your portfolio... tax free!

Contributing appreciated securities is especially attractive for many people because capital gains taxes and income tax rates increased in 2013.

Stock Transfer    

  • Inform your broker in writing that you wish to give appreciated securities to Cross Roads Brethren in Christ Church.
  • Let us know that you have initiated a transfer of securities, by contacting our treasurer, Bernie Hernley, at crbic.treasurer@gmail.com  Provide your name, and description of the gift, so that we can give you the proper tax receipt as well as acknowledge your gift.
  • The value of your gift will be calculated by using the mean value of each share on the date the shares arrive in our brokerage or mutual fund account. Our preferred broker is Janney Montgomery Scott LLC.
  • If you are concerned about the timing of your gift, please be sure to work closely with your broker or mutual fund company to ensure that the shares are transferred in a timely manner.