You can donate up to $100,000 from your IRA with no tax penalty if you are over 70, and IRA donations count toward your required minimum distribution.
The chart below shows how donating appreciated assets can save you money on taxes and free up more funding for ministry. With significant and high tax law changes on the horizon, now is the time to leverage your giving and take advantage of current rates.
In this scenario, $1,050 in capital gains tax on the appreciated value is avoided by donating the appreciated stock directly to Pathway to Victory.
Pathway to Victory is a ministry of First Baptist Church of Dallas. Please indicate that you would like your gift to be specifically designated for Pathway to Victory.
Please notify Ashley Brewer at [email protected] and Sherryn Cates at [email protected] [email protected] when you make a stock donation via direct transfer from your account to the church’s account so we know whom to credit for the donation. You may call 214-969-2405 if you prefer.
8201 Preston Road, Suite 600
Dallas, TX 75225
Stephen P. Crossman
Vice President, Private Client Group
214-987-5242 – direct for Stephen
214-987-5234 – fax
800-767-4397 – toll free
214-987-5200 – main number
First Baptist Church of Dallas, Texas
(Call Church for account number)
0279 (must have all 4 numbers)
*This is to be used for transferring stock from an account with one firm to the church’s account with Hilltop Securities
Ashley Brewer, Financial Coordinator
Sherryn Cates, Director of Finance and Accounting
Pathway To Victory
Po Box 223609
Dallas, TX 75222-3609