Stocks & Bonds: Transfers of stocks, bonds, or mutual funds may be made directly from your brokerage account to First Baptist Church. You may receive a charitable income tax deduction for the full market value of the stock (up to a maximum of 30% of your adjusted gross income) and avoid paying the capital gains tax on any increase in the value of the stock. If your deduction exceeds 30%, you can carry over and deduct any excess amount for up to five additional years.
Real Estate: A gift of real estate will generate a tax deduction for the full appraised fair-market value. Like securities, the capital gain is not taxable to the donor or the church. Donors who prefer to give a gift of real estate to the church at some future date can set up a "retained life estate" whereby they designate ownership of their home to the church but retain occupancy during their lifetime.
Collections: One can make a gift of personal property to First Baptist Church to help support the mission and ministries of the church. Items can include antiques, works of art, coin or stamp collections, as well as other valuable assets. These items are generally taxed at a higher capital gains rate if sold. However, they are generally tax-deductible at their base cost and not their fair-market value.