Donated appreciated stock to a church can offer several tax benefits beside a charitable deduction. For instance, donating appreciated stock avoids capital gains, potentially avoids AMT, and may also reduce the size of your taxable estate, potentially lowering estate taxes. It is important to consult with your tax advisor or financial planner to fully understand the tax implications for donating appreciated stock and to ensure that it aligns with your overall financial plans.
The church has a new financial institution (Ameriprise Financial) accepting stock donation and the information is as follows:
Account 27461932
DTC 0756
70100 Ameriprise Financial Center, Minneapolis, MN 55474
For questions, please contact Finance Director, Frank Turco at fturco@fumcbirmingham.org.
