Faith Church welcomes stock and mutual fund transfers. Giving stock held more than 12 months offers a two-fold tax savings. You avoid paying capital gains tax on the increase in value of your stock and receive a tax deduction for the full fair market value of the stock on the date of the gift. This is an excellent option for stock that has appreciated substantially in value.
Interested in contributing appreciated securities to Faith Church? Notify your broker/financial advisor that you wish to transfer securities to Faith. You should transfer the securities “in kind.” As a result, you do not sell them, but give them in their current form directly from your account to Faiths brokerage account.
Please notify our finance administrative person at finance@faithchurchmn.org or call the church at 952-935-4481 to obtain transfer instructions and be prepared to also provide the following information:
- Your name and address
- Name of the stock or mutual fund
- Number of shares
- Expected date of transfer
- Purpose or intent of gift (contribution to General Fund, Missions or Faith Foundation)