Did you know that a gift of appreciated stock may be more favorable than a cash donation? If you have stocks or mutual funds that have significantly appreciated in value, you may face substantial income taxes upon sale of these assets. One way to reduce these taxes is to consider giving appreciated stock or mutual fund shares to a charitable organization.

Advantages:

• You will receive the appreciated value of the stock or mutual fund as a tax deduction, not the cost. Example: You purchased 1,000 shares of XYZ for $2,000 in 1995. XYZ is now valued at $10,000. The current tax deduction would be for $10,000 and not the $2,000 initially invested.
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• Gift of stock will provide the benefit of bypassing capital gains tax. Since a charity does not pay tax, you may give the stock to a ministy and bypass the capital gain.

Making a Stock Gift

If you are planning to make a gift of stock to Calvary Chapel Fort Lauderdale, please contact the Administration Office at (954) 315-4299 for our brokerage account information. We will provide you with an information sheet and a sample letter to facilitate the transfer.