Gifts of stock can be one of your most strategic ways to make contributions to FMI. Learn how to below:

You receive the benefit of an ease in your potential tax burden due to the value of appreciated stock, and the ministry of empowering indigenous church planters receives a significant boost.

This financial planning tip follows the principle that a deduction for a donation to charity of property (such as shares of stock which have been held for more than one year) is equal to the fair market value of the donated property. In the case which your donated property is “gain” property (such as appreciated stock), you do not have to recognize the gain on the donated
property. In fact, these tax rules essentially allow two tax benefits when donating shares of stock: A charitable deduction plus avoidance of tax on the appreciation in value of the stock.

For more information about current pertinent tax guidelines, consult your accountant or broker. If shares which are being donated are held at a securities firm or other brokerage account, please instruct the institution where the shares are held to transfer your gift to the Forgotten Missionaries International [FMI] account at: Vanguard, DTC number 0062, account number 60599129

Please instruct your broker to enter your name and other information that will help us identify the gifts as yours (e.g., your account #, phone #, address, or broker information), into the Text Comment field of the DTC screen if the transfer is completed electronically. Your institution may require a written letter of authorization; if so, please see the sample letter below. If the shares are in your physical possession, please send us the letter of authorization.

“To whom it may concern,
I am making a donation of the following securities to Forgotten Missionaries International. Please transfer the stock to account number 60599129 at Vanguard. List quantity of shares and specify the name of company whose stock is being donated. Thank you for your attention to this matter. Please call me with any questions or problems.
Sincerely,
Your Name
Contact information“

In order for FMI to honor your intentions with this gift, please advise our office by email if there is a single specific designation or multiple/split designations you intend for your gift; otherwise, FMI considers undesignated gifts to be used As Needed. After the transfer is complete, FMI will liquidate the stock so that we may promptly provide you with a tax-deductible receipt for the stocks’ current value.