Donating stock to the church can be a big tax savings. Typically, the donor claims a deduction for market value of the shares and does not have to recognize capital gains. Discussion with a tax advisor before making such a donation is wise.
It’s easy. Shares are transferred electronically into the Grace Fellowship brokerage account. The church then sells the stock for cash.
Click here to download a template for authorizing a stock transfer. After notifying your stock broker, please provide a copy of the instructions to the Finance Manager, Leah Wilton, email@example.com. Don’t forget to include your personal information, to which purpose you would like to designate the gift (for example: General Operating Fund), and any other special instructions.