MAKE A DONATION OF APPRECIATED STOCK
Donations of
appreciated securities, usually common stock, provide a tax-efficient
way of making your gift.
Gifts of
appreciated securities held for more than one year entitle you to a
charitable income tax deduction for the fair market value of the
securities on the date of gift. Additionally, you avoid the capital
gains tax that would otherwise be due on the appreciation if the
security were sold.
Please
notify us before you initiate a stock transfer so we can identify your
gift when it is received and acknowledge it in a timely manner. Please
contact us if you want to donate securities held in certificate form. We
will help you transfer them safely.
One
caution: Depreciated securities (securities worth less than you paid
for them) should not be given directly to Haven Of Rest Ministries.
Instead, you should sell the securities to generate a tax-deductible
capital loss (which can offset your capital gains or up to $3,000 of
ordinary income) and give the sale proceeds to Haven Of Rest Ministries.
Your gift,
whether cash or appreciated securities, will be greatly appreciated!
For more
information on gifts of appreciated securities, contact our Financial
Administrator at (864) 226-6195, or e-mail us at office@havenofrest.cc
