Donating stocks, mutual funds and other property can provide you with a double tax benefit if the investment has appreciated and you have held the stock for more than one year.

Appreciated securities donated to the church can be deducted at the full value of the security at the time of donation without the capital gains tax that would typically be incurred if they were sold prior to giving. The church is also exempt from capital gains tax when it sells the donated security. Of course you should check with a tax professional before initiating any transfer of securities.

If you are considering donating stock to North Point EPC please contact:

Scott Larson: (810) 444-8169 or slarson1234@gmail.com

Scott will provide you with brokerage account details for transfer, find out how you would like this gift to be used and ensure you are sent a tax receipt in a timely manner.