It is better to give than receive. – Acts 20:35
It is better to give appreciated stocks than cash. – IRS
Your church may not have a brokerage account to sell stock
donations, but your church has a United Methodist Foundation and we have a
brokerage account!
The Foundation will sell appreciated stocks for your members
and write a check for the full amount to your church. This is a free service
of the Foundation.
Your church will benefit from these significant and generous
gifts.
Your members who donate will benefit because:
- they can transfer the stock directly to the Foundation (an IRS 501(c)(3) non-profit).
- they don’t have to sell the stock and claim any income from capital gains.
- they can tell the Foundation who to write the check to (your church and/or another United Methodist ministry or agency).
- they get the full charitable deduction for the amount of the sale of the stock. (Check with a tax advisor or CPA – actual deduction may vary based on individual circumstances.)
Step 1: Tell us be on the lookout for your donation: 303-778-6370 or info@rm-umf.org.
Step 2: Send the stock to the Foundation’s Broker
Step 3: Send us a letter of intent so we know which United
Methodist church or agency will receive a check AND so that we can provide the
proper IRS acknowledgement for your gift.
Contact the
Foundation for stock transfer instructions and forms.
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