Donating publicly traded securities, such as stock, bonds or mutual funds, directly to ministry or the Great Commission Donor Advised Fund can provide significant tax savings, allowing you to give more towards the causes you care about.
By donating appreciated shares you have held for at least one year, you avoid the capital gains tax due on the gain. And if you are eligible to claim the donation as an income tax deduction, it would be for the full fair market value of the shares. And, through the projects you support, you’re helping accelerate the Great Commission, so it’s a triple win!
Here are some of the potential benefits:
- Avoid paying capital gains tax.
- Receive a charitable income tax deduction.
- Enjoy possible increased income.
- Further the Great Commission!
For stock transfers directly to Cru:
- Download and complete the Cru Stock Directive and return it to Cru.
- Make the transfer from your brokerage account to Cru. Once the shares are received, Cru sells the shares within three days.
- Receive a tax-deductible receipt from Cru for tax purposes and support your favorite ministry or the work of missionaries!
For stock transfers into the Great Commission Donor Advised Fund (GCDAF):
- Download and complete the Cru Foundation Stock Directive and return it to Cru Foundation.
- Make the transfer from your brokerage account to Cru Foundation. Once the shares are received, Cru Foundation sells the shares within three days.
- Receive a tax-deductible receipt from Cru Foundation for tax purposes and then from your online account, advise grants to the ministries and charities you love.
→ Because brokerage firms usually do not transmit donor information or the purpose of the gift to us, please make sure to notify Cru or Cru Foundation of your gift and designation. Contact our team at 800-449-5454 or email@example.com.
How it Works
Gifts of appreciated securities can help you turn tax dollars — like income and capital gains taxes — into dollars with eternal impact.
It is very common to approach charitable giving from stock or other assets in a straightforward fashion: sell, then give.
But as generous as that impulse is, the sell-then-give strategy actually becomes the sell-then-pay-taxes-then-give strategy … and that bit in the middle means less funding for ministry.
Capital gains tax dollars are redirected to ministry and the full value of the appreciated stock is tax deductible for eligible taxpayers!
Contact us at 800-449-5454 or firstname.lastname@example.org.