Donating stock can be one of the most tax-advantaged ways for donors to support Faith, Hope, and Love Global Ministries (FHLGM). FHLGM was incorporated as a Minnesota nonprofit organization and has received tax-exempt 501(c)(3) status from the IRS. Under current tax laws, when donors give appreciated stock, generally they pay no capital gains on the appreciation yet receive a tax deduction on the full current value of the gift. This can mean significant tax savings for the contributor.
Although the process is not complicated, it is best to consult with your financial planner or tax advisor to confirm any tax benefits you may receive from your donation of stock.
If you are interesting in gifting stock to FHLGM, contact Joanne Kletscher at 952-512-1165 to receive specific instructions on how to do so as easily and smoothly as possible.
Once you have notified us of your gift (and we will only know a stock gift we receive is from you if you inform us), FHL Global will send you a tax-deductible receipt as soon as we receive notice of the completed stock transfer. Your support and partnership is greatly appreciated. Please contact us if you have any questions or concerns.