Stocks & Other Appreciated Assets

Thank you for considering a gift of stock or other assets to the Conventual Franciscan Friars of the Province of Our Lady of Consolation.

Thank you for considering a gift of appreciated assets such as stocks, real estate, art and collectibles to support the ministries of the Conventual Franciscan Friars.  Donations of stocks, bonds and mutual funds directly to the friars, means you have no capital gains tax to pay. Plus, you are still eligible to deduct the full fair-market value of the asset you donated from your income taxes, up to the overall amount allowed by the IRS.  Members of the Mission Advancement Staff will work with you and your financial advisor to properly administer your gift to the friars.

We Love to Help

If you have any questions please don’t hesitate to contact us.  We make it as easy as pushing a button.

We make it easy for us to guide you through this process.  You can call us M-F  9-4 EST at 123-123-1234 or message us anytime via the form below and we will be happy to get back to you in a timely manner.

How It Works

Avoiding Capital Gains Tax.  It is as easy as…. 1, 2, 3

1. Give appreciated assets

2. File your taxes

3. Avoid Capital Gains

To Make a Gift

To notify the friars of a gift of appreciated assets or if you have any questions, please contact Shaunna Graf, Director of Major Gifts and Planned Giving, s.graf@franciscansusa.org (812) 923-5250.  Please download the form letter to send to your financial institution with all of the instructions they will need to be able to facilitate your generous gift to the friars.  Please, remember to have your name listed on the form.

Our tax laws are structured so that donors are encouraged to give as generously as possible to their favorite charitable organizations. Gifts of assets which have increased in value since their purchase are particularly attractive under our current tax laws. Consider that:

  • Sales of stocks, bonds, mutual funds and real property that have appreciated in value generate a taxable capital gain.
  • Gifts of those same appreciated assets to the friars are deductible at their full fair-market value if they have been held longer than
    twelve months.
  • The fair-market value of the asset(s) can be deducted up to thirty percent (30%) of the donor’s adjusted gross income.
  • Excess deductions can be carried forward into as many as five additional tax years.

A Real World Example…

Rita Smith was planning to make a gift to the friars and she found out that by donating stock she owned, the amount of her gift was able to be larger than she had originally planned.  After talking to her financial advisor, Rita learned that if she gave the friars 20 shares of Amazon, the sale of those shares by the friars would yield enough cash to repair the chapel roof at the friary she loved to visit.   By donating the stocks, Rita had eliminated the capital gains tax she would have incurred if she has sold the stock herself and then donated the proceeds.  Instead of taking the standard deduction the year of this gift, Rita itemized her deductions and was able to claim the fair market value of the gift.  Rita knew that in the next year she would be able to donate her future income tax return.  Rita donated her shares of appreciated Amazon stock she had owned for 13 months and not only she was able to give more, she also received a tax benefit.

In order to promptly and accurately credit a gift of appreciated assets to the appropriate donor, it is essential that the transfer instructions include the donor’s name and address. Without this information, we are occasionally unable to send you the correct charitable gift receipt.

As soon as a gift is received and matched to a donor, the Mission Advancement Office sends an acknowledgment letter stating the nature of the gift, the gift valuation date, and the gift valuation amount and a clarification statement indicating no goods or services were exchanged for the gift.

Please note:  The Province of Our Lady of Consolation, is a tax exempt 501(c) organization (EIN # 35-6019627)  and does not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational. We strongly encourage donors to seek counsel from their own legal and financial advisors.

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