Gifts of Stock

It can be very beneficial from an income tax perspective to make gifts to DPC in the form of shares of stock or mutual funds that you own. If the security has appreciated since you bought it you would normally have to pay capital gains tax upon its sale. However, if you donate it directly to the church, you can receive a charitable contribution deduction equal to its current value but avoid paying the capital gains tax. As in all such matters, you should contact your tax advisor.

If you wish to donate a security, have your broker transfer it to:

Charles Schwab
Darnestown Presbyterian Church
Account #3336-8468

Please advise the church office or Jim Hoffman, church treasurer, at jemskr@comcast.net when you make this donation so he can identify the stock received and ensure that your record of giving is updated appropriately.

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