Gifts of Stock
Giving stocks that have increased in value over the years is a great way to support Great Commission work while saving taxes on the appreciated value of those stocks.
If you have stocks or securities that have appreciated in value and would like to support Great Commission work, you may want to consider donating those securities rather than donating cash. Doing so may provide substantial tax benefits because selling the stock yourself will most likely result in you having to pay tax on the increased value of the stock. This is known as capital gains tax. If the stock were donated to Florida Conference, however, you may be able to receive a tax deduction for entire appreciated value of the stock. As a non-profit organization, Florida Conference pays no tax when it sells those same securities. This is truly a win-win for everyone.
Life Insurance Policies
Life Insurance Policies are another means you can use to support the work of Florida Conference.
Fully Paid Policy
Do you have a fully paid life insurance policy with no premiums due? If so, you can donate the policy as a charitable contribution and receive an income tax deduction for the replacement cost (not to exceed the cost basis).
Partially Paid Policy
If you have a life insurance policy which is not fully paid, you can make a gift of the policy by naming Florida Conference as owner and beneficiary. This creates a tax deduction for the cash surrender value of the policy (not to exceed the cost basis).
Purchasing a new life insurance policy naming Florida Conference as the owner and beneficiary makes the premiums you pay tax deductible and may be the best way to make a large gift to our institution.
Add a Beneficiary
Add Florida Conference as a secondary beneficiary to an existing or new policy. If the other beneficiaries predecease you, our institution would become the beneficiary.
To explore the benefits of a specific gift, please contact our Planned Giving Specialist at 407-644-5000.