GIFTS OF STOCK
A gift of stock can be one of the best ways to give to Precept Ministries International. Gifts of appreciated stock are particularly wise from a tax perspective, since there are no capital gains paid, and the giver receives a tax deduction of the full appreciated value, not the cost.
You purchased 1,000 shares of XYZ stock for $2,000 in 1995. XYZ is now valued at $10,000. The current tax deduction would be for $10,000 and not the $2,000 initially invested. This gift will allow you to completely bypass capital gains tax on the $8,000 in appreciated value.
Gifts of stock can also be one of the easiest ways to give. With your permission, Precept can work directly with your broker or financial planner. The process is very simple and usually can be completed electronically.
IRA CHARITABLE ROLLOVER
The IRS now allows those who are at least 70 1/2 years of age to gift tax free up to $100,000 from their IRA directly to charities.
If you are interested in donating stock, mutual funds, other appreciated assets or IRA Charitable Rollover, and would like more information, please contact our Development Team at 423-296-8765 or by email at firstname.lastname@example.org.