Giving stocks that have increased in value over the years is a great way to support Great Commission work while saving taxes on the appreciated value of those stocks.
Benefits
If you have stocks or securities that have appreciated in value and would like to support Great Commission work, you may want to consider donating those securities rather than donating cash. Doing so may provide substantial tax benefits because selling the stock yourself will most likely result in you having to pay tax on the increased value of the stock. This is known as capital gains tax. If the stock were donated to Adventist Frontier Missions, however, you may be able to receive a tax deduction for entire appreciated value of the stock. As a registered 501c3 non-profit organization, AFM pays no tax when it sells those same securities. This is truly a win-win for everyone.
Example
Some time ago when the stock market experienced a significant downward turn, Mary and John who had a small stock portfolio lamented that they had not used some of those funds for the Lord‘s work before they had lost so much value. When the stock market rebounded they contacted AFM to find out where the funds could be put into service for the Lord. AFM provided transfer instructions and today those funds are supporting missionaries in 14 different countries.
You will need certain information to transfer stocks and securities to AFM. Please email our Planned Giving Specialist or call 269-473-4250, ext 103 for more information.
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