Unleash your generosity by donating stocks

Donating stocks to a church can be a beneficial way to support the organization while also potentially receiving tax benefits. Here are some reasons why one might consider donating stocks to a church:

1. Tax efficiency: When you donate appreciated stocks that you’ve held for more than a year directly to a church, you can avoid paying capital gains tax on the increased value. This allows you to donate more than if you were to sell the stocks, pay the tax, and then donate the remaining cash.
2. Charitable deduction: In most cases, you can claim the full fair market value of the donated stocks as a charitable deduction on your income tax return, subject to certain limitations based on your adjusted gross income.
3. Increased giving capacity: By donating appreciated stocks, you may be able to give more to the church than you would if you were donating cash, as you’re not paying capital gains tax on the stock’s increased value.
4. Supporting the church’s mission: Donating stocks can provide the church with additional resources to fund its various ministries, community outreach programs, and operational expenses, thereby supporting its overall mission.
5. Aligning investments with values: If you have stocks in companies that align with your faith-based values, donating them to your church can be a way to support both the church and your personal beliefs.
6. Simplifying giving: Donating stocks can be a straightforward process, especially if the church has a brokerage account or works with a organization that facilitates stock donations.

Before donating stocks, it’s essential to consult with a tax professional to understand the specific implications for your financial situation and to ensure that you follow the proper procedures for making the donation.

Unlock significant tax savings by donating appreciated stock you’ve owned for over a year! Save up to 20% in capital gains taxes and even up to 37% in federal income taxes on the value of your charitable gift. Consult with your tax professional to maximize your benefits, including potential state tax savings. It’s a win-win for you and the causes you care about!

At Engiven, your information is in safe hands! Our Security Program meets SOC 2 standards, ensuring top-notch protection. Rest assured, we never ask for or keep your brokerage account details. Your trust means everything to us!

If you have company stock and want to transfer it, make sure to ask your company about the trading windows. These opportunities usually open quarterly for three to four weeks. This way, you can give during these special times and avoid any rejection from your brokerage.

Discover the ease of donating your publicly traded stocks, 401Ks, and IRAs with Engiven! While we can handle all whole shares efficiently, it’s important to note that early withdrawal penalties may apply. We advise seeking advice from your tax professional before making a decision. Give with confidence and avoid unnecessary tax penalties by consulting with us today!

Discover how Engiven can effortlessly handle donations of publicly traded stock, 401Ks, and IRAs. It’s important to note that withdrawing these assets prematurely could lead to penalties. We advise speaking with your tax professional before making a decision. Choose wisely to maximize your impact without facing any unexpected tax consequences!

Even if we don’t have a direct link to your brokerage account, our off-platform concierge service ensures your gifts are still fulfilled. If your brokerage isn’t on our list, simply reach out to our transaction operations team through a quick form in Engiven’s donor experience. Your generosity knows no bounds with Engiven by your side!