Did you know that by giving appreciated stock—rather than just cash—to the church, you can be exempt from paying any capital gains tax?
The stock holder must have owned the stock for at least one year and a day to qualify for long-term capital gains rates. If you give shares held one year or less, the charitable deduction will be limited to what you originally paid for the shares, rather than the appreciated value.
If you would like to find out more, call John Molchon, our Business Manager/Development Director at 921-2700 or e-mail him at John.molchon@faithlasvegas.org.
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Simply Giving - Electronic Funds Transfer for Online Offerings