Gifts of Appreciated Securities

Gifts of Appreciated Securities
Other than cash, gifts of publicly traded securities may be the single most type of asset used for charitable giving. Significant tax benefits can be received for gifts of appreciated assets. When appreciated securities, held for 1 year or more, are donated to UMC Red Bank the donor generally enjoys an income tax charitable deduction for the asset’s fair market value on day of transfer and avoids tax on the capital gain. 

Although publicly traded stocks are the most popular appreciated asset to donate, the process applies to mutual fund shares as well.  Gifts of bonds and preferred shares are possible; however, professional advice is required. Gifts of long term
(1 year) appreciated securities can be a vehicle for making substantial contributions while generating valuable tax deductions. Securities can be donated at any time of year. 
The process involves:
1) Contact the Church’s Financial Secretary, Amanda Coluccio-Vargas (732-747-0446 or letting her know you will be donating an appreciated security to the church and how you would like your gift applied. Gifts can be applied to one’s pledged yearly giving, as a contribution to a specific project or campaign, or be earmarked for the Church’s endowment.

2) Our church works with The United Methodist Foundation of Pennsylvania (UMFP) to facilitate receipt of funds and transfer to our church. In order to make a gift of appreciated securities please read the instructions for Making a Donation of Stock and proceed as outlined. It will generally take one week to have securities sold and another 2 weeks for the church to receive the proceeds.

If you have questions about this process, contact George Schildge at: – or – 732-741-0528
United Methodist Church, Red Bank, NJ
Instructions for Gifts of Securities / Stock