by Harold Naylor, Executive Director
A few weeks ago I was approached by a Good Neighbors friend and donor who asked, "How do I make a gift to the ministry by giving stock?" I knew we had a procedure (see below), but I realized that it had not been well communicated.
Giving the gift of appreciated stock is a great way of blessing our home repair work while giving you, the donor, a wonderful and impactful gift. If your stock has a basis of $500, but has appreciated to $1,000, you will owe capital gains tax on the $500 increase in value. In contrast, if you gift the stock to Good Neighbors (or any other non-profit), the entire amount of $1,000 is a deductible gift.
The detailed procedure is as simple as giving your broker the DTC number (0226) and our account number (AAU030528) and having them transfer the shares that you desire to give.
Thank you in advance for your generosity in helping us restore hope by repairing homes. Our work is especially critical these days as the weather gets colder and home heating is critical. God bless you and please call us if we can help you with other support ideas.