Leveraging your support of Mission India
If a friend told you they could show you how to save up to 15% on your gifts to Mission India, would you believe them? Would you be interested?
Many Kingdom-minded people like you have been enjoying this blessing for many years with gifts of appreciated securities such as stocks, mutual funds, and bonds.
This exciting gift option is an excellent way to leverage your support of Mission India and other ministries.
If you own stocks or mutual funds that have increased in value (and have held them for more than one year), you may want to consider doing what so many others have done, and use those assets, rather than cash, to fund your giving.
Consider this sample illustration:
John and Wilma Hawkins have been faithful supporters of Mission India. They purchased shares of ACME Corporation in 1990 at a cost of $5,000. Over this time, these shares appreciated and today are valued at $10,000. If the Hawkins were to sell the stock and then give the proceeds to Mission India, they would pay tax on their capital gain of $5,000 ($10,000 market value minus $5,000 original cost).
If instead, they give the stock directly to Mission India, they can claim a charitable deduction for the full market value of the gift, and will not owe any capital gains tax on the transaction. Mission India can then sell the stock and use all of the proceeds for our mission.
Is a gift of appreciated stock the right choice for me?
Possibly. There are several benefits for you to prayerfully consider:
- You avoid paying capital gains tax by giving stock directly to Mission India
- You receive a significant tax deduction for your gift
- You may be able to contribute much more to our mission for the same after-tax cost as giving cash
Click here for your FREE copy of
“Supporting Ministry with Appreciated Stock”
Want to give more with less? For more information about how you can impact India through a gift of appreciated stock, contact Dave Bustraan at Mission India by calling (616) 453-8855 or toll-free 877-644-6342 or email plannedgiving@missionindia.org
This is general information and is not intended to be tax or legal advice. Please consult your own advisors.
Mission India is a member of:
