Benefits of Donation of Stock to the Church

As we enter stewardship season, consider that there are many ways to contribute our time, talent and resources to the church. Giving a gift of stock can have benefits to the giver and to the church. The following is an excerpt from Church & Clergy Tax Guide 2011...

Benefits of Donation of Stock to the Church

The following is an excerpt from Church & Clergy Tax Guide 2011 by Richard R. Hammar, J.D., LL.M, CPA: Gifts of stock can provide donors with a double tax benefit. First, they may be able to claim a charitable contribution deduction in the amount of the current...