If you own highly appreciated shares of stock (or mutual funds), it might be more tax advantageous to gift the shares directly to the church instead of selling the shares, realizing the capital gain, and then donating the cash. Of course, talking with your tax professional is always encouraged.
Giving stock held more than 12 months offers two-fold tax savings. First, you avoid paying capital gains tax on the increase in the value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the gift.
To make a gift of stock, please contact us to specify the number and type of shares and the ministry designation for the gift.
Clearing Firm Name: Merrill Lynch
DTC Clearing #: 8862
Account Name: First Evangelical Free Church
Account Number: 510-04205
Questions: contact us
IRA Charitable Rollover – QCD gift
You may be looking for a way to make a big difference and help further our mission. If you are 70½ or older, an IRA Charitable Rollover—QCD gift is a way you can help continue our work and benefit from it this year.
Benefits of an IRA Charitable Rollover – QCD Gift
- Avoid taxes on transfers of up to $105,000 from your IRA to First Free Church.
- Make a gift that is not subject to the deduction limits on charitable gifts.
- Help further the work and mission of the chruch.
How an IRA Charitable Rollover – QCD Gift Works
- Contact your IRA plan administrator to make a gift from your IRA to us.
- Your IRA funds will be directly transferred to our organization to help continue our important work.
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
- Please contact us if you wish for your gift to be used for a specific purpose.
