Oklahoma Conference of the United Methodist Church

OKUMF- Take profits without paying taxes- part 2


In the last issue of Contact we wrote about Waldo, who purchased shares of stock for many years through his company’s stock purchase plan. The value of his stock grew and became a substantial investment. Because he has been purchasing the stock for over 30 years, his cost is very low. Yet, he hesitates to sell it because he knows any sale will trigger an immediate capital gains tax.

What are some options?   

Waldo knows that by transferring his stock to a charitable organization rather than selling the stock, he avoids capital gains tax. Even though his cost is less than 25% of the stock’s current fair market value, he will receive an income tax deduction for the fair market value. And most important, the gift will help support his favorite ministries and causes.

Gift that keeps on giving:

Waldo would like to make a gift this year of stock that can be used to support several United Methodist ministries and several other charitable organizations in the future. A Donor Advised Fund (DAF) offers this type of flexibility and is easy to establish. Many believe that a DAF is a low-cost alternative to a private foundation, with more favorable tax benefits and without the unfavorable restrictions and excise taxes.

Ease and Benefits of a DAF:

Opening a DAF account is easy to do. Contact us and we will prepare your DAF agreement for signature. Your DAF account can be funded with gifts of cash, securities, real estate or other assets. Check with us if you have unique or special assets that may be donated in a tax-efficient way.

Recommending your gifts to charity:  

Once your account is open, you are ready to begin giving!  Simply notify us in writing with your recommendation of how your DAF funds should be distributed. We will seek to honor your wishes to help further the organizations and causes you love.  
Please contact us if you would like more information on giving stock at year’s end or other ways that you can use stock to support your favorite United Methodist ministries.


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Oklahoma City, OK 73106-3635
Phone: 405-530-2000

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