|
Session has prepared this instruction package for giving securities to the church. Securities can be given for Living Our Faith, a special gift for something that is of special importance to you, or any other gift to the church.
How to Give Stock
Giving stock to the church is easy and straightforward. The two common methods
for giving stock are shown below. If you use either of these methods,
please use the instructions and suggested forms. Otherwise, please contact
Barbara Homack, the Church Finance Manager.
How is the value of my stock gift determined?
The value of your gift is the average of the high and low prices for the stock on the date of gift.
The process for determining the date of gift is described in the link above that is
applicable to your gift. The date of gift is important because it determines the date of valuation.
You should consult your tax advisor about tax questions and advice for your specific situation.
What acknowledgement will I receive from the church?
You will receive a letter from the church acknowledging your gift.
Enclosed with that letter will be a Statement of Gift, which will record
the specifics of your gift, including the value.
What about giving appreciated mutual funds or other securities?
The gift of appreciated mutual-fund shares, bonds, or other securities can
result in tax benefits that are similar to the gift of appreciated stock. If you
are considering a gift of mutual funds or other securities, please contact
Barbara Homack, the Church Finance Manager, to discuss the procedures for
your mutual fund or for your particular security.
Barbara Homack, Finance Manager (732-747-1348), can help you
in giving securities to the church.
|
