We hope the materials provided in this packet will help to give you a better understanding of For Those Who Will Believe. In addition, information sessions will be held for anyone who has questions regarding the building project or giving opportunities. The sessions will be offered on Sunday, February 10, at 9:45 am and Wednesday, February 13, at 6:30 pm.

We are not asking you to make a commitment at this time (commitment cards will be mailed at a later date). We do want you to be informed and to prayerfully consider what your personal involvement might be.

Giving Appreciated Assets

If an investment—like stocks, real estate, and other assets—has increased in value since its purchase and has been held for more than one year, then there may be tax advantages to transferring ownership of that asset to the church as a charitable donation. Giving the appreciated asset eliminates potential capital gains taxes for the donor while still allowing the donor to receive the contribution credit for the current market value of the asset. Because of its tax-exempt status, the church can sell the asset and receive full market value less transaction costs.

What if I sell first then give the cash? You may have to pay capital gains taxes which will reduce the after-tax proceeds from the sale.

	Sell First	Give Asset
Market Value	20,000	20,000
Original Cost	-10,000	-10,000
Appreciated Gain	10,000	10,000
Tax (assuming 28%)	2,800	-0-
After tax value of Gift to the Church	17,200	20,000
Contribution Credit to Donor	17,200	20,000

Note: Tax positions and tax law can be complicated and can change with new laws. Any discussion of tax treatment is not intended, and should not be considered, as tax advice. Consult your personal tax professional for advice on your tax position. Please check with church bookkeeper Jeannie Ogden for instructions and arrangements for the transfer of all forms of gifts other than cash.

How do I give gifts-in-kind?

For stocks, mutual fund shares, and bonds:

Transfer Instructions (if held in "Street Name")

1. Contact your broker and request the transfer.
2. Contact Jeannie Ogden at the church (261-7486) to provide the appropriate information.

For shares in your possession, you will need to endorse the certificates and have the signature "guaranteed" by a financial institution in the "Medallion Stamp Program."

For other types of assets, contact Jeannie Ogden (261-7486) for information.