If you have appreciated shares of stock that you have owned for at least a year and a day, you can donate them to your church or another ministry through the Wisconsin United Methodist Foundation and avoid paying any commission or selling fee. You also receive a charitable income tax deduction and avoid declaring the capital gain of the assets as income. Your gift can be deducted up to 30% of your adjusted gross income. Larger gifts may qualify for a carry-forward of amounts in excess of the 30%. If you want your stock gift to count as a 2012 charitable deduction, please submit it by December 17th. Gifts may be made to the operating budget of your local church or to any specialized ministry. Please be sure to call the Foundation at 888-903-9863 with your stock gift information or send a copy of your Security Transfer Form.You can find the latest stock donation form at…
November 30, 2012