Giving Opportunities

East Granby Congregational Church

STOCKS    BONDS    MUTUAL FUNDS      IRA's

In addition to cash donations, there are alternate giving strategies that may have tax advantages for you.

Gifts of Stocks/Bonds

 Appreciated marketable securities provide an excellent means of benefiting EGCC.

Your gift of securities allows you to achieve your charitable goals and realize substantial tax benefits. Most gifts of appreciated securities that you have held long term are fully deductible at fair market value, and you do not incur a tax on unrealized capital gain.

 

When you donate long-term

(owned more than 1year) appreciated securities:

 

1. You incur no capital gains tax.
 

2. EGCC incurs no capital gains

tax when it sells the securities.
 

3. You can deduct the fair market value of the securities as of the date of your gift.

 

It is important to talk to your financial advisor to understand your choices and the benefits they offer.

 

EGCC and its Trustees CANNOT offer financial advice.

GIFTS OF MUTUAL FUNDS

 

Mutual fund shares that have appreciated in value are an excellent charitable gift with tax advantages similar to those from gifts of other appreciated securities. In many cases, mutual fund shares held in a brokerage account may be transferred directly to EGCC Fidelity brokerage account. However, mutual funds held directly with the mutual fund company may need special handling.

 

Qualified Charitable Donations (QCDs)

 

In addition to cash and securities, QCDs can also be taken out of traditional IRAs, and they are exempt from federal income taxes. The contribution would be a part (or all) of the required yearly distribution at age 70 ½ and beyond. The contribution is NOT included in your Adjusted Gross Income. They can qualify as RMDs (Required Minimal Distribution) saving you state/federal taxes, Social Security taxes and the potential 3.8% investment tax.

Matching Gift Programs

 

Some corporate matching gift programs will match gifts of securities and cash made by employees, their spouses, retirees, and directors. Please check with your company’s personnel or public relations office to determine if it will match your gift. If so, obtain the appropriate form and forward it with your gift.


Next Steps

 

Contact a member of the Trustees and inform he/she of your intent to contribute. This is confidential and only the Trustee and Recorder will be aware of your name if you so desire.

 

You will be provided a copy of the EGCC Securities Transfer Information, and Broker Securities Transfer Instructions.

 

ALWAYS Keep in Mind

 

Donating appreciated assets often provides a more
tax-efficient way to make charitable contributions.

It is important to talk to your financial advisor to understand your choices and the benefits they offer.

 

EGCC and its Trustees CANNOT offer financial advice.