Gifting of Stocks
Have you considered making a gift of your stock or securities to Kingdom Foundations? You can help bring the life-changing truth and saving grace of God to people around the world by giving appreciated stocks, mutual funds or securities directly to Kingdom Foundations.
If you have held appreciated stocks or mutual funds for more than one year, you can donate those securities to a charity, such as Kingdom Foundations, and receive a tax deduction for the fair market value of the securities AND avoid paying capital gains tax on the future sale of the securities.
Please note that this will not work if the stock you plan on giving has not been held for more than a year. Please speak with your tax advisor for additional information on how gifting of appreciated stocks or mutual funds can be beneficial to you.
If you are interested in making a gift of stocks or mutual funds, please contact Jackie Koller at (507) 262-0373 or [email protected]. Then, you will be provided with the necessary information (DTC #, Account Name and Number, etc.) to transfer stock or securities to Kingdom Foundations electronically.
Benefits to you include:
- Simple process – donate directly from your brokerage account
- No liquidation or writing of checks, easy electronic transfer
- Qualifies for charitable tax deduction
- Enjoy the benefits of tax savings on this year’s return