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Receiving Stock Donations & some news

posted Oct 12, 2010, 6:30 AM by Tim Isbell   [ updated Jan 26, 2011, 9:13 PM ]

The Advantage and the concept of donating stock. 

Tax laws provide favorable treatment for donating items with long-term capital gains to charitable institutions.  For churches this generally takes the form of people donating stocks. Such gifts have a substantial impact on many church's ongoing operating expenses, as well as playing a major role in financing new ministry thrusts, buildings, and land purchase.  This post explains what pastors and church leaders need to know about this form of financing. 

When someone donates stock shares with long-term gains (currently defined as 12 months or more), the donor receives a tax deduction for the full market value of the shares as of the “gift date”, AND does not declare the long-term capital gain as income!  For situations where the donor has held the stock for long enough to have substantial gain, the advantage is essentially a double-tax deduction!  In effect, this allows a donor to give more money for less pain than if they sold the stock and donated the after-tax proceeds.  Charitable deductions for gifts of stock and other appreciated property may be utilized up to 30% of a person's adjusted gross income in the year of the gift. If the donor exceeds this, they can carry over the remainder of the contribution to subsequent years.

To read the entire Church Resource on this topic, click Stock Donations.

A little news.

I've finished 3 weeks of preaching at San Bruno, and will finish the last 2 weeks later in October.  I'm using The Alternate Life series which is available on this website.  As always happens when we re-preach something, we revise it!  So I've re-posted the first two sermons in this series with the latest notes.  When I finish the last 2 weeks on October 24 I'll re-post those, too. 

This Sunday I start 4 weeks at the International Christian Center, San Jose.  Not sure yet what I'll use there.

I've also added a calendar gadget to the website which provides a look at my preaching calendar, just in case sometime some of you readers want to know my availability.  I have in mind to make 12-15 weeks available per year.  This leaves enough Sundays for Robin and me to actively engage in our local church - as soon as we can settle into one.