Donating appreciated stock will cost you less than making the same donation in cash. If you sell the appreciated stock you must first pay the capital gains tax and then donate the after-tax portion. When you donate appreciated stock you can deduct the full value of the stock and avoid paying the capital gains tax. The church receives the full value of the stock because, as a charitable organization, it is not required to pay the tax.
If your stock is held by your broker, it is as easy as a telephone call. Contact Jim Garvey at 952-255-8803 or firstname.lastname@example.org to receive the broker account number for River Valley Church. You may also click below to download a Gift of Stock Form. Then your broker merely transfers your stock to the account of River Valley Church. If you hold the stock certificate, send your certificate to River Valley Church, and we can assist you in signing a stock power and do the rest.
Download the Gift of Stock Form