Giving Stock

Giving that Works for You

We’re thrilled that you are considering a donation of stock to Connection Church. Thank you for your generosity and heart for giving!

Donating appreciated stock can be one of the most tax-efficient ways to give.

You avoid capital gains tax that would apply if you sold the asset and donated the proceeds.
If you’ve held the asset for at least one year, you may be eligible to deduct the full fair market value.
You can deduct up to 30% of your Adjusted Gross Income for gifts of appreciated assets. If your donation exceeds this, you may carry forward the unused deduction for up to 5 additional years.
State income tax benefits may also apply.

As always, consult your tax advisor to make the most of these benefits.

Donating stock is straightforward and involves transferring ownership to the church’s brokerage account.

Here’s how:

Get the right form from your brokerage firm (e.g., Schwab, Fidelity, Vanguard). It may be called a Donation Form, Transfer of Assets Form, or ACAT (Automated Customer Account Transfer) Form.
Use the following Connection Church account details to complete the form:
- Account Name: Tri City Assembly of God
- Account Number: Z40520658
- DTC Number: 0226
- Tax ID (EIN): 38-2482262
Submit the completed form to your brokerage firm, which will initiate the transfer.
Let us know:
- The name of the stock
- Number of shares donated
- This helps us issue your donation receipt promptly.