planned-giving

“Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you.”  - Luke 6:38

As a recipient and steward of God’s bountiful gifts, you have an obligation and opportunity to share and return those gifts, providing support to God’s church and ministries beyond your lifetime.

SECURITIES

Gifts of appreciated securities include stocks, bonds or mutual fund units. A gift of appreciated securities enables you to make a substantial charitable gift to Sharon Presbyterian Church with a low original cost. When donating appreciated securities which you have held for more than 12 months, you avoid paying capital gains tax and receive an immediate income tax deduction equal to the full value of the gift, provided that your charitable deductions do not exceed 30% of your adjusted gross income (AGI).  Any excess may be carried forward for up to five years.

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Example: Mrs. Breen donated long-term stock which cost her $25,000 and is now worth $90,000. Her AGI is $120,000 this year.  She is entitled to a $36,000 charitable deduction for the current year ($120,000 x 30%) and avoids tax on the $65,000 appreciation.  She is entitled to a deduction of $36,000 for the next year or 30% of her AGI.  The third year, she receives the benefit of the remainder of the deduction.

 

Benefits of this type of gift to You:

  • Income tax deduction
  • Reduced estate taxes
  • Avoidance of capital gains
  • Knowledge you have helped others

To achieve these benefits, your securities must be transferred to Sharon Presbyterian Church, not sold, redeemed or exchanged. If they are sold from your account, the gift becomes a cash gift rather than a gift of securities, and you will personally realize any capital gains.

If you are considering a gift of securities that have decreased in value since purchase, it may be more advantageous for you to sell them and then claim the loss on your tax return, and then contribute the cash proceeds for a charitable deduction.

Next Steps:

We can provide you with share transfer instructions to share with your broker. Publicly traded securities can be easily transferred electronically from a brokerage account to Sharon Presbyterian Church.

Let us know you intend to transfer securities by contacting us before you make the transfer. See the contact information below for details.

Contact:

Senior Pastor Rob Blumer
Email: robb@sharonpcusa.org
Phone: (704) 553-0869
Associate Pastor Ron Nelson
Email: ron@sharonpcusa.org
Phone: (704) 553-0869
Endowment and Gifts Subcomittee Members:
 
Jacqueline Boresema
Email: jrboersema@gmail.com
Tim Gilbert
Email: timgilbert@bellsouth.net

The above gift description is for informational purposes and not intended as legal or tax advice. To ensure that this form of gift is appropriate for your particular circumstances and estate planning, please consult with your professional advisers.

Last Published: May 2, 2018 2:42 PM
Steps to a Gift