Do you own appreciated stocks? Stock gifts present a great opportunity to support Starr King’s counter-oppressive mission, because your gift is mutually beneficial — we receive the full value of the stock, while you avoid paying capital gains tax.
Starr King accepts gifts of appreciated securities like stocks, bonds and mutual funds. The process is simple.
Donors can send stock contributions directly to SKSM via our bank, US Bank, by providing the brokerage details below to their securities managers:
|Name of Brokerage Firm:||US Bank|
|Contact Person at Brokerage Firm:||Melissa Wolf|
|Account Name:||Starr King School for the Ministry|
Here are a few reasons why gifts of securities are great ways to give in support of Starr King’s mission:
- You save on taxes.
By donating stock rather than selling it, donors avoid paying a capital gains tax. A capital gains tax is a tax on the profit made from the sale of a non-inventory asset like stock. Depending on the filer’s marital status and income, the federal minimum for a capital gains tax can be as high as 20% on long-term holdings (for example, stock held for more than one year).
- You can take charitable deductions.
If they donate long-term holdings (stocks held more than one year) and itemize deductions, donors can take a charitable deduction for the stock’s fair market value on the day they give it away.
- If your stock is currently at a higher value, you can decrease future capital gains by donating stock and buying new shares.
This resets the donors’ cost basis at the current, higher price and thus decreases their future capital gains difference as the stock grows in value.
- You can give more.
By donating stock that has appreciated for more than a year, you are actually giving 20 percent more than if you sold the stock and then made a cash donation. The reason is simple: avoiding capital gains taxes.
- Next Steps or Questions?
Contact Jessica Cloud, SKSM’s Vice President for Advancement, via email at for additional information on gifts of securities and how they can help support Starr King School for the Ministry with our mission.
This information is not intended as legal or tax advice. Consult an attorney or tax advisor.