Give a Gift of Stock

Donating appreciated securities (stocks, mutual funds, etc.) is a great way to give to St. Andrew’s. Stocks and mutual funds that have increased in value and been held for more than one year are popular assets to use when making a charitable gift. Donating stocks or mutual funds offers you the chance to support the church while realizing important benefits for yourself.

When you donate appreciated securities or mutual funds to St. Andrew’s, you can reduce or even eliminate federal capital gains taxes on the transfer, while furthering our mission. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.

Securities are most often used to support our work in the form of:

• An outright gift. When you donate securities to St Andrew’s, you receive the same income tax savings that you would if you wrote a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20%.

• A transfer on death (TOD) account. By placing a TOD designation on your brokerage or investment account, that account will be paid to one or more persons or charities after your lifetime.

Visit with your financial advisor to learn more about this way of giving. You or your broker can access our stock transfer information by emailing St. Andrew’s Bookkeeper.