Giving appreciated stock is wise stewardship
Transferring appreciated securities (stocks, bonds, mutual funds) directly to us rather than donating the proceeds after selling them is wise stewardship of the resources God has entrusted to you.
If you have owned the securities for more than a year, your tax savings are significant:
1) You receive an income tax deduction for the fair-market value of the appreciated stock. In other words, you get to deduct what the stock is worth today, not what you paid for it.
2) You will not pay any capital gain tax upon the transfer. This frees up even more money, which means it costs you less to give more to the Lord's work!
As you can see, giving appreciated stock and other securities is wise stewardship and a great way to leverage your giving to kingdom causes.
Giving appreciated stock can create lifetime payments to you
You can also use a gift of appreciated stock to fund a Charitable Gift Annuity or other "Life Income" gift. You would not pay any capital gain tax upon the transfer, and you would create an income stream that is equal to or greater than the dividends your investment is currently paying you.
How does the transaction work?
It's quite simple. We will either handle the stock transfer ourselves or put you in touch with Barnabas Foundation to arrange the stock transfer. When the shares are liquidated, you will receive a receipt.
The receipt identifies the name of the stock, number of shares given, the date of the donation, etc. In essence, it provides all the relevant information needed to substantiate your charitable contribution for income tax purposes.
Sounds great! What do I do next?
Contact us today to get started. You'll then be on your way to giving more for less!
Contact Donor Relations:
- U.S. donors call: 1-800-873-4859
- Canadian donors call: 519-650-5444
Stock Wire transfer instructions:
HCJB Global's corporate name is: WORLD RADIO MISSIONARY FELLOWSHIP, INC.
The following information is needed to wire-transfer shares of stock to World Radio Missionary Fellowship Inc's brokerage account:
Our primary broker is: WELLS FARGO INVESTMENTS, LLC, Minneapolis, MN.
Shares of stock may be wired to them via : DTC 0141.
For further credit to: WORLD RADIO MISSIONARY FELLOWSHIP, INC.,
account number 87730400.
World Radio Missionary Fellowship's Tax I.D. number is 59-0939206.
This is general information and is not intended to be tax or legal advice. Please consult your own advisors.