Giving shares of appreciated stock, bonds, mutual funds, and other securities is an especially tax-wise way to make a gift to Alpha Ministries Inc.
If you have held securities for more than one year that have increased in value since the acquisition, you will receive a charitable tax deduction equal to the current value. This allows you to avoid paying capital gains tax you would owe on the gain in value if you sold the securities.
Gifts of securities are deductible for federal tax purposes up to a limit of 30 percent of your adjusted gross income.
For additional information about giving securities, please contact Kelly Urbani, Missions Assistant, at [email protected] or call 434-929-2500
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