Stocks and Bonds

The gifting of stock is a “win-win” situation for both the donor and the church.  Since Central Baptist Church is a 501 (c ) (3) non profit organization, the gift will qualify as a charitable contribution and is tax deductible.  For example:  assume you own 1,000 shares of XYZ Corporation for which you paid $10 per share, for a total investment of $10,000.  The stock is currently worth $20 per share for a total value of $20,000.  Depending on your taxable income, if you sold the stock and gifted the proceeds to Central Baptist Church, you would typically incur a capital gains tax at 15%.  Thus, you would pay $1,500 in taxes before giving anything to the church.

A better strategy is to gift the stock directly to Central Baptist Church.  This is a very simple and easy process that can be coordinated through the Bookkeeping office.  Remember, on all tax questions, it is advisable to consult with your tax advisor or CPA.

For additional information, please contact:

Chuck Bestor

Administrator

(979) 776-9977

cbestor@cbcbryan.org

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