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YOU CAN GIVE NOW

TO A WORLD IN NEED...

Stocks or Mutual Funds

Giving more for less ... A stewardship resource

The benefits of giving stock shares to WIN       

 

  • You completely avoid paying capital gains tax by giving stock directly to World In Need International.

  • You can receive a tax deduction for up to 30 percent of your adjusted gross income, and there is a five-year carryover

  • For the same after-tax cost as giving cash, you may be able to give substantially more to World In Need International with a gift of stock.


For many people, it is better stewardship of God's resources to transfer stock shares directly to World In Need International rather than to sell them and donate the proceeds. By giving securities that you have owned for more than one year, you will receive an income tax deduction for the full fair-market value, and you will completely avoid capital gains tax. If your stock has grown in value since you acquired it, this method gives WIN the largest possible gift and allows you to deduct a larger charitable contribution. All of these combine to radically decrease your tax liability.

An Example:

Scott has been a regular supporter of World In Need International. When he heard about the benefits of giving appreciated stock instead of cash, he decided to try it. Years ago, Scott purchased shares of his company stock for $5,000. Now those shares have a market value of $10,000.

If he were to sell the stock and then give the proceeds, Scott would incur $5,000 in capital gains ($10,000 market value minus $5,000 cost basis). After he pays taxes of $1,050 (the 15 percent federal and 6 percent state capital gains tax rate on the $5,000 gain), his gift to WIN and charitable deduction would be $8,950.

By giving the stock to World In Need International, Scott can claim a charitable deduction of the full market value of the gift ($10,000). WIN can then sell the stock and apply the full proceeds ($10,000) towards their ministries. And, since a gift to WIN is not a sale, Scott will not owe any capital gains tax on the transaction.

Scott's tax deduction for his charitable gift of stock shares was $4,100. When he subtracted that from his original cost for the stock, he realized that it actually cost him only $900 to provide a gift worth $10,000 to the Lord's work! The process was as easy as giving his broker the information listed below, and saving the monthly statement from his investment firm to verify his charitable gift. Scott was so excited about his ability to give more for less that he has determined to make giving stock his regular method of charitable giving.

 

Gifts of Stock and Mutual Funds Procedures

You may give shares of stock or mutual funds to WIN through our home page here or through our Brokerage Firm:

Cetera Investment Services LLC
Account number: 3RN05276
Account Name: World in Need Missions International
DTC: 0701


VERY IMPORTANT: We sometimes receive notification that gifts of stock or mutual funds have come into our account, but are unable to determine whom the donor is, or how he or she would like the proceeds spent. To avoid this problem, on the day of the transfer, please contact World In Need to let us know: 

 

  • The name of the stock

  • The number of shares

  • The date of the transfer

  • Your designation for how the proceeds from the sale of the stock should be used (native missionary support, where most needed, Bibles, etc.)


After we receive the gift of stock or mutual funds, World In Need International will immediately liquidate the shares and send you a Gift-in-Kind receipt. This receipt lists the name of the stock or mutual fund, the number of shares, the date they were given, and that no goods or services were received in exchange for the gift. IRS regulations do not allow us to state the value of the shares on the receipt. Since the value of stocks and mutual funds fluctuate so quickly, the fair market value of your gift can be determined from the statement from your investment firm - which is the value of the stock or mutual fund at the time the transfer was made from your account. This is the amount that you may claim as a charitable deduction when you file your income tax return.

If your mutual fund shares cannot be transferred to Wells Fargo Advisors, World In Need has accounts with several mutual fund investment agencies. If we don't have an account with the agency that handles your mutual fund, we will open one. Then a transfer can easily be made from your account to our account, and we will redeem the shares for use according to your designation.

For more information:

If you have any questions or wish to start the process for your gift, please fill out the contact form below or call World In Need International, 330-401-9404.

This information is designed to provide information and illustration of the subject matters covered. It is not intended, nor should it be used as legal, accounting or other professional advice. It is always a good idea to seek legal and tax advice from your professional advisor(s).

Contact us here about Planned Giving
Or call (330) 401-9404   Thank You!