It is better to give than receive. – Acts 20:35
It is better to give appreciated stocks than cash. – IRS
Your church may not have a brokerage account to sell stock donations, but your church has a United Methodist Foundation and we have a brokerage account!
The Foundation will sell appreciated stocks for your members and write a check for the full amount to your church. This is a free service of the Foundation.
Your church will benefit from these significant and generous gifts.
Your members who donate will benefit because:
- They can transfer the stock directly to the Foundation (an IRS 501(c)(3) non-profit).
- They don’t have to sell the stock and claim any income from capital gains.
- They can tell the Foundation who to write the check to (your church and/or another United Methodist ministry or agency).
- They get the full charitable deduction for the amount of the sale of the stock. (Check with a tax advisor or CPA – actual deduction may vary based on individual circumstances.)
Click here to learn more about donating securities.