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How you can make a tax deductible stock transfer or other non-cash gift donation
To assist you with creative avenues of giving, People for Care and Learning and its Board of Directors has established a brokerage account for the sole purpose of receiving stock transfers from individuals who desire to give in such a manner. It is our desire to clearly communicate how these funds will be handled so that you can make a fully informed decision about your contribution. The objective of the account is to convert gifts to income for immediate ministry operations. The policy regarding the sale of transferred stock is simple and straightforward. Any stock received into the account will be sold immediately at market value and the cash deposited directly into the designated account(s) or general ministry account (if undesignated) to be allocated where needed most. You will be issued a letter acknowledging the donation of said shares.
The value to the investor is significant in that no capital gains tax is withheld and the transaction can be reported as a tax write-off to a non-profit, charitable organization as described in Section 501 (c) (3) of the IRS Code. This is particularly advantageous for highly appreciated stock. We strongly recommend you consult a qualified CPA or tax advisor on how to report the value of stock transferred when filing your income tax return.
We are very grateful that you took the time to read about this opportunity assist PCL in Inspiring Hope and Empowering Potential. If you would like more information regarding the ministries and/or financial needs of PCL, we will be happy to provide this to you upon request.
To make a donation of stock, send a note to info@pfcal.org and we'll be glad to send you the appropriate account numbers for the donation.
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Stock Donations 
