Q: Can I give stock to my church?
A: Yes! Most gifts received by churches and other charities are in the form of cash, even though this is not always the most tax-efficient way to give. Appreciated stock gifts are especially advantageous. You can avoid capital gains tax and receive a tax deduction for the fair market value of the gift. With these benefits, it will actually cost you less to give a gift of appreciated stock than if you give cash.
Barnabas Foundation makes it simple and efficient for you to give stock to your church. Learn how by calling 888.448.3040, or email info@BarnabasFoundation.com.