Donating appreciated stock or a portion of your stocks will cost you less than making the same donation in cash. If you sell the appreciated stock you must first pay the capital gains tax and then donate the after-tax portion. When you donate appreciated stock you can deduct the full value of the stock and avoid paying the capital gains tax. The church receives the full value of the stock because, as a charitable organization, it is not required to pay the tax.
How Do I Donate Stock?
If your stock is held by your broker, it is as easy as a telephone call.
Contact Louise in the church office at 257-6300 to receive the broker account number for Chisago Lake Lutheran Church. Then your broker merely transfers your stock to the account of Chisago Lake Lutheran Church. We will handle the rest. It’s that easy and convenient for you to make your donation.