Donating Stock to Growing in Faith

Transferring appreciated stock directly to the Growing In Faith capital campaign is both easy and tax-deductible. 

Tax Benefits

Giving stock that you’ve held more than 12 months and that have appreciated (your stock now has greater value than your original cost) offers tax savings:

  1. You avoid paying capital gains tax on the increased value of your stock.
  2. You receive a charitable income tax deduction for the full fair market value of the stock on the date of the gift.

Please note: With stock that has appreciated in value, you must give/transfer the stock directly to the Growing In Faith capital campaign to realize these benefits.  (If you sell the stock and give the proceeds to the campaign, you will be responsible for paying a capital gains tax on the profit.)

How to Give Stock to Growing In Faith

  1. Call the Resource Development Office in order to obtain our federal ID#, brokerage firm and DTC#, and account number. (Contact:  651-290-1610, ask for Kathy Berscheit, ext. 762.)
  2. Provide your broker with the information above in order to transfer stock to the Growing In Faith capital campaign.
  3. Notify the Resource Development Office (651-290-1610) when you have completed your request to your broker, in order to ensure the timely completion of your transaction.

Contact Information:
Kathy Berscheit, Director of Operations, 651-290-1610, ext. 762.