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Stock Donations
Did you know...there are tax advantages in giving appreciated stock held for more than one year? Giving the stock to the church and then letting the church sell the stock eliminates potential capital gains taxes and can increase the after-tax proceeds. Often you can avoid paying tax on the appreciation of stock by donating it to the Kirk and you will still receive a tax deduction for the stock's full fair market value. Contact Bonnie Gorrell for more information. Contact your broker and request the transfer to one of the following accounts:
Charles Schwab, account #5092-4203
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