A gift of appreciated stock is a smart way to support ministry because the IRS allows the transfer of stock directly to Lutheran Hour Ministries without imposing any tax on the growth in value. This maximizes the value of the gift because you are now able to support God’s mission with funds that would have been paid in taxes.
For stocks held longer than 12 months, the donor is allowed the full fair market value of the stock as a charitable deduction on an itemized tax return (limited, of course, to IRS limitations on gifts of appreciated property and your adjusted gross income). For stocks held less than 12 months, charitable deduction is limited to the cost basis. Deductions are based upon IRS guidelines and we recommend that you contact your tax advisor for information pertaining to your individual tax situation.
If you are planning to make a gift of stock to support Lutheran Hour Ministries, please use the following broker instructions:
For Benefit of: Lutheran Laymens League
Edward Jones contact: Collin Moore, 618-939-7156
LHM contact: Carla Foy, 314-317-4113
LHM Federal Tax ID#: 43-0653365
So we can confirm when the transfer takes place and ensure that you receive a receipt for your taxes, please send an email to firstname.lastname@example.org with your name and address, name of stock(s) you are transferring, and the number of shares.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.