A gift of stock entitles the donor to a tax deduction for the market value of the donated stock (not just the cost basis). If the stock a person wishes to donate has been held for more than one year, they can avoid capital gains tax on any appreciation of the stock by donating the stock prior to sale. The Society of St. Andrew benefits by selling the stock without paying taxes on the gain, and the donor benefits from making a contribution that would be larger than what they might have been able to donate in cash.

On the other hand, if a person's stock has been held long-term but has decreased in value, it may be more advantageous for them to sell the stock and give cash to our ministry.

To begin the process of making a gift of stock, please call us at 800-3233-4597 or send us an .

IMPORTANT NOTE: Information provided on our Web site is not intended to be tax or legal advice. Please consult a qualified tax or legal advisor.
 

Gifts-in-kind refer to non-cash donations of materials or long-lived assets. Examples of such gifts might include items such as art objects, prized collections, antiques, vehicles, computer software and hardware, office products and supplies, copiers, etc. Gifts-in-kind can be designed as one time gifts or as on-going programs.

All gifts-in-kind to the Society of St. Andrew must be approved by the Executive Director.

Current tax law requires that the Society of St. Andrew issue a receipt indicating that a gift-in-kind has been received. We do not value the gift-in-kind on the gift receipt. Instead, the donor is responsible for obtaining the fair market value at the time of the gift. If the gift-in-kind is valued by the donor at more than $5,000, then an appraisal must be obtained by the donor.

Please contact us at 800-333-4597 or by  regarding questions concerning specific gifts-in-kind. Please contact a tax accountant concerning how these donations may apply to your individual tax issues.