Donations of appreciated securities, usually common stock, provide a tax-efficient way of making a gift to Sunshine Ministries.
Benefits of Donating Stock
Gifts of appreciated securities held for more than one year entitle you to a charitable income tax deduction for the fair market value of the securities on the date of gift. Additionally, you avoid the capital gains tax that would otherwise be due on the appreciation if you sold the security.
Donating Stock to Sunshine Ministries
Your broker can transfer securities from a brokerage account directly to Sunshine Ministries. Please call us at (314) 231-8209 for the account information your broker will need to initiate a transfer.
Please notify us before you initiate a securities transfer so we can identify your gift when it is received and acknowledge it in a timely manner. Please contact us if you want to donate securities held in certificate form. We will help you transfer them safely.
One caution: Depreciated securities (securities worth less than what you paid for them) should not be given directly to a charitable organization. Instead, you should sell the securities to generate a tax-deductible capital loss (which can offset your capital gains) and donate the sale proceeds. Your gift, whether cash or appreciated securities, will be greatly appreciated!
For more information on gifts of appreciated securities, contact the development department at (314) 231-8209.