Do you own stock that has appreciated in value over the years? Are you concerned about paying a large capital gains tax should you decide to sell the stock? Are you interested in helping Solana Beach Presbyterian Church at the same time? If so, a good alternative to selling the stock is to contribute the stock to the church.
Current tax laws make it possible for you to make a charitable gift of stock at a remarkably low after-tax cost. This tax savings is achieved in two ways.
First, you pay no long-term capital gains tax upon the transfer of stock to the church (assuming you have held the stock for longer than twelve months).
Second, you receive an income tax charitable deduction for the full fair market value of the stock on the date of the gift.