End of the year Giving Idea

Securities such as stocks, bonds and mutual funds
make a wonderful gift to Hosanna. The
procedure for donating them is simple and the benefits
to you can be significant, including:
1. Greater tax benefits than equivalent cash gift.
2. Charitable deduction of full fair market value
if you itemize for income tax (with certain
limits).
3. Avoidance of capital gains tax on appreciated
securities donated.
4. Avoidance of broker sales commission.
For example, a $10,000 gift of cash may allow the
donor a $2,500 income tax deduction at the 25% tax
bracket, but a transfer of $10,000 in securities
additionally relieves the donor of the 15% capital
gains tax on the appreciated portion.
For 2006 contributions, please call the church ASAP
to allow appropriate time for completing these gifts.
We will give you step-by-step instructions for
donating stock certificates or for shares held by a bank
or broker.