Gifts of Appreciated Stock

There are many advantages to donating closely-held stocks and mutual funds as a method of tithing to the Church of Nativity.  If you have owned publicly traded or closely-held stocks for “more than one year,” they are considered appreciated assets and can be transferred directly to the Church of Nativity.  In return, you as the donor can receive an immediate income tax deduction for the current fair market value of the stock no matter what you originally paid for it.  In addition, you avoid paying capital gains tax on the gift.  

 The maximum deduction you may take within a given tax year is 30 percent of your adjusted gross income. If you are unable to take the entire deduction in one year, you may carry the excess deduction forward for five additional years.

To complete the transfer of a gift of stock to the Church, the stock must be transferred (not sold) to Nativity’s brokerage account.  To insure proper posting and crediting of the stock transfer gift, it is very important for donors to contact the parish office at 913.491.5017 in advance.

Individual Retirement Accounts

Under law effective January 1, 2010, the IRS no longer offers IRA owners the opportunity to make charitable contributions tax-free directly from your IRA.  But IRA owners can still make charitable contributions directly from their IRA account – with the exception donors must first count the distribution from your IRA as income, and then account for the charitable contribution among your Schedule A itemized deductions. 

For more information on making a contribution to the Church of Nativity directly from you IRA, please contact the parish office at 913.491.5017.

- back -