Gifts of Appreciated Stocks
We encourage you to thoughtfully consider the advantages of giving appreciated stock to Bedford Presbyterian Church. If you own appreciated stock, it's almost always better to contribute stock than cash. By giving appreciated stock to a charitable organization, you avoid paying capital gains tax on the increased value of the stock. Because you are giving to a charitable organization, your gift is deductible for the market value of the stock at the time it was given.
Please talk to your financial advisor to determine if this approach to giving is a viable option for you. Our policy is to immediately sell all stock gifts and deposit the proceeds from the sale into the church bank account immediately.
To Give Stock to Bedford Presbyterian Church
2. Please return a copy of this form to the church office so we can make the proper allocation.
For next year pledges, you can accelerate your tax deduction and, at the same time, help your church significantly by giving stock before year-end in payment of your pledge for next year. The church will earn interest on the deposited funds and will be able to use your contribution for next year's operating expenses. You, of course get to take credit for the gift against any tax liability for this year.
Benefits to all
- Bedford Presbyterian Church receives a gift as good as cash that will be used as you direct.
- Donors receive a charitable tax deduction equal to the fair market value of the stock and avoid capital gains tax on the appreciated value of the stock.