Donating appreciated stock or mutual funds can often multiply the power of your gift to the ministries of Overlake. We want to offer you every advantage and convenience in making your charitable gifts. Due to attractive tax advantages, many people are interested in making gifts of apreciated stocks and mutual funds.
The fundamental gain from donating appreciated stock arises from the fact that the current market value of the stock can usually be deducted from income for tax purposes. Each person’s tax situation is unique, so it is important to consult your tax advisor before deciding to donate stock.
The following example shows the value of donating $500 in appreciated stock/mutual funds:
Assumptions: Cost of stock: $10 per share // Current stock value: $50 per share // Donor’s tax rate: 25%
Cash Donation: Deduction: $500 // Cost: $375 ($500, less value of deduction @ 25% tax rate)
Ten Shares Donated Directly to OCC: Deduction: $500 // Cost: $25
($100 historical cost of stock, less value of $500 deduction @25% tax rate, or $125).
If you need more information or are interested in donating securities, other financial instruments or property to Overlake, please Liz Wisham in Overlake's Finance Office or call 425.284.2525.
Before giving away that good, used (or new) piece of equipment, please consider OCC! Perhaps one of our ministries could use it -- and you can take the tax deduction! Please E-mail JL Werner or call the church at 425.702.0303.
Here's what OCC could use right now (all must be in working order):
We've recently upgraded to Windows 7 but are always looking for Mac related upgrades (Adobe Software) for our designers and video production team.