If your investments in the financial markets have been successful, a charitable donation of these assets is a way to make charitable gifts without losing a substantial portion of your earnings to the capital gains tax: make your charitable contributions, via an outright gift or a planned gift, with appreciated stock. You may also make a gift with appreciated shares in a mutual fund.

The benefits of donating securities (stocks or mutual funds) to Summit Ministries include:

  • Avoiding federal and state tax on the capital gain
  • Receiving an income tax deduction (federal and most states) for the full market value of your gift if you itemize deductions on your tax return and have held the assets one year or longer
  • Making a larger gift at a lower original cost to you

If you are interested in making a charitable securities donation, please contact us to discuss the details.