GIFT OF SECURITIES

The gifting of securities is a “win-win” situation for both the donor and the church. Since HFBC is a 501 (c) (3) non profit organization, the gift will qualify as a charitable contribution and is tax deductible. For example: assume you own 1,000 shares of XYZ Corporation for which you paid $10 per share, for a total investment of $10,000. The stock is currently worth $20 per share for a total value of $20,000. Depending on your taxable income, if you sold the stock and gifted the proceeds to HFBC, you would typically incur a capital gains tax of 15%. Thus, you would pay $1,500 in taxes before giving anything to the church.

A better strategy is to gift the stock directly to HFBC. This is a very simple and easy process that can be coordinated through the Financial Services office. On all tax questions, it is advisable to consult with your tax advisor or CPA.

For directions on how to transfer securities to the church please click here.

For additional information please contact:

Amber Willet

Financial Services Associate 
713.957.5807 
amber.willet@HoustonsFirst.org