Diocesan development director Kelly Wewers said there is an opportunity for parishioners to significantly enhance the effectiveness of their giving to the Diocese of Little Rock or their parish: donating stock or other long-term appreciated securities, including bonds and mutual funds.
This method of support not only allows donors to give to their favorite ministry but also offers them financial benefits.
Why consider a gift of stock?
- Maximize your charitable impact: Compared with donating cash or selling your appreciated securities and giving from the after-tax proceeds, you could potentially make a larger gift.
- Enjoy tax advantages: When you transfer ownership of long-term holdings to a charity, you may receive a double tax benefit. First, you can claim a charitable deduction for the full, fair market value of the stock if you itemize your deductions. Second, you can avoid the capital gains tax and the Medicare surtax that would otherwise arise from selling the asset.
- Ease and efficiency: Transferring stock or other securities is a simple and efficient process. For donations to a parish or other ministry in the Diocese of Little Rock, contact the Stewardship and Development Office for the transfer information to give to your brokerage firm. The office is available to assist you every step of the way, ensuring a smooth transition from your portfolio to the meaningful work of the Diocese and will help you direct your support to the areas of our mission that are most meaningful to you.
Contact Wewers at kwewers@dolr.org or (501) 664-0340 ext. 391 for assistance in facilitating your donation. For questions specific to your tax situation, consult your financial or tax advisor.
