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May 16, 2007


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Our church is in the process of setting up a brokerage account with a local advisor/broker/whatever so that we can accept gifts of stock from some of the folks in our church who want to give that way. It's making me think about how we give what we do...

I would imagine this would run head long into the AMT at any significant dollar figure? How easy is it for the charity to get cash from this type of transaction? Trying to get a sense of what a reasonable floor is for donating securities (if it's a big hassle relative to donating cash, they would likely not prefer to go through it so you could save $30 on taxes).

Kurt --

As far as the AMT goes, it counts as a donation in the same way any other donation would count. In other words, there's no difference in giving money this way versus giving it directly as related to the AMT.

As far as the hassle goes, Vanguard makes it REALLY easy. I fill out the forms, send it to the church, they fill out one page with about seven blanks, and send it to Vanguard. Five days later, they have their money.

Yay! I'm so happy this is working out so well for you AND your chosen charities.

Great timing on this post. I had my church sign my stock donation forms earlier today. How are you going to determine the value of the shares you donate to them? Will you just use the closing price of the stock on the day the transfer takes place? Is there a better way?

Vanguard sends me a report on the value of the funds on the day the donation took place. Also with Vanguard, you can select whether you want to give a specific number of shares or a specific dollar amount.

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