Christ Episcopal Church 107 South Washington Street

Christ Episcopal Church
107 South Washington Street, Rockville, MD 20850
Phone (301) 762-2191 Fax (301) 762-0928 Christchurch@cecrockville.org

Giving a Gift of Stock

Christ Episcopal Church accepts gifts of stock as a donation and you receive a tax benefit.

Take advantage of favorable tax treatment
You may be eligible to take an immediate tax deduction for each contribution. Because Christ Episcopal church is an independent public charity, contributions may qualify for larger tax deductions than those resulting from other alternative charitable solutions.

Donate appreciated securities to get the most tax savings
By contributing securities with unrealized long-term capital gains directly to the Church, instead of selling the assets and then donating the proceeds, you can give more to charity and enjoy significant tax savings. The Gift Fund can also accept contributions of complex securities - including certain restricted stock. See the table below for more details.

Give many types of assets

Assets Accepted Deduction Limitations

Cash equivalents, via checks and
wires
50% of Adjust Gross Income (AGI)

Publicly traded stock, including control
person, lock-up, and other restricted
stocks
30% of Adjusted Gross Income (AGI)
deductible at Fair Market Value (FMV),
providing they have been held for
more than one year

Mutual fund shares

Publicly traded bonds

Cash value of a life insurance policy

Hypothetical Example: Donating Appreciated Securities

	Sell securities and donate proceeds to charity	Contribute securities to Christ Episcopal Church
With a direct donation to the charity, the donor's federal income taxes are reduced by an additional $12,150 and the Church receives $9000 more.
Current fair market value of securities	$100,000	$100,000
Federal long-term capital gains tax paid * (15%) Assumes a cost basis of $40,000, and long-term capital gains of $60,000	$9,000	$0
Charitable Contribution/ Charitable Deduction**	$91,000	$100,000
Value of Charitable De- deduction less capital gain taxes paid* Assumes donor was in the 35% federal income tax bracket	$22,850	$35,000

* Assumes all realized gains are subject to the maximum federal long-term capital gain tax rate of 15%. Does not take into account any state or local taxes, if any.

** Availability of certain federal income tax deductions may depend on whether you itemize deductions. Charitable contributions of capital gain property held for more than one year are usually deductible at fair market value. Deductions for capital gain property held for one year or less are usually limited to cost.

Please forward stock donation through your financial institution using the following instructions:

DTC # 0418
For further credit to: Christ Episcopal Church
Account number - 376-43782

Contact information:

David L. Giulieri CFP®
First Vice President-Wealth Management
Investment Management Specialist
Smith Barney-Citigroup Global Markets, Inc.
1850 K ST., NW, Suite 900
Washington, DC 20006
(202) 857-5485
(800) 424-3209 x 5485
Fax - (202) 857-5460
david.l.giulieri@smithbarney.com

This web site is dedicated to Ned Prettyman and Wally Keene.