You can now donate shares of your appreciated stock to Saint Basil the Great.
Donating stock to charity can be an excellent tax planning strategy!
You may be able to enjoy two tax benefits:
- Avoid the capital gains tax you’d pay if you sold the stock -and-
- If you itemize deductions you can claim a charitable deduction equal to the stock’s fair market value.
Consult your tax advisor for further information.
Saint Basil the Great will sell the donated stock and get the fair market value without paying tax since we are a registered 501(c3).
Note: Saint Basil the Great will not hold gifted stock. We will sell it immediately and deposit the cash in our bank account.
Contact the church office to make arrangements.