How to Donate Stock

With the stock market regularly breaking records at the closing bell, many of your investments are likely worth more today than what you originally paid for them.

Time to sell? If you do, you might have to pay capital gains taxes. There’s a better option that provides you with valuable tax incentives and the satisfaction of supporting a cause close to your heart: Give your stock to St. Theresa Catholic Church and School.

When you give St. Theresa Catholic Church in Memorial Park appreciated securities that you’ve owned for more than one year, you will receive two tax benefits:

1. You are entitled to a federal income tax deduction based on the current fair market value of the securities, regardless of their lower original cost.
2. You will be exempt from paying capital gains taxes on any increase in value—taxes you would pay if you sold the stock.

Reap the Rewards

To realize full tax benefits from your gift, keep the following IRS guidelines in mind:

• Donate long-term appreciated property. Only the amount you originally paid is deductible for short-term assets (owned for one year or less).
• Watch the ceiling. The gift deduction for the long-term capital gain property is limited to 30 percent of your adjusted gross income in the year of your gift, but the excess is deductible over the next five years.

How to Make a Gift of Stock

To transfer a gift of securities, submit a completed LETTER OF INTENT form to your broker, and to assure that your gift will be appropriately identified and applied to your intended purpose, please send a copy to St. Theresa Catholic Church and School.

• Instruct your broker to transfer your intended shares electronically; and
• Ask your broker to notify us once the transfer is complete.

We Can Help 

Johanna Bransford at 713-869-3783 or email us at [email protected] with any questions about naming St. Theresa Catholic Church and School in your will or living trust. We’re happy to help without obligation.