Giving a gift of publicly traded stock that has increased in value and that you have owned for more than one year may provide greater tax benefits than giving cash. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.
Your broker can assist you in making a gift of stock via a direct transfer to Sandy Cove Ministries. If you are interested in making a donation of this type, please note the following:
Please inform our Development Office of stock transfers so that we can properly acknowledge your gift and forward information regarding your tax deduction.
Phone: 1 (443) 674-9490
Support Sandy Cove through your donor-advised fund.
If you have a donor-advised fund (DAF), DAF Direct enables you to recommend grants to Sandy Cove directly from your DAF, as long as your DAF's sponsoring organization is participating.
If you have a donor-advised fund not supported by DAF Direct and would like to recommend a grant to Sandy Cove, please make checks payable to Sandy Cove Ministries and mail to the following address:
Sandy Cove Ministries
60 Sandy Cove Road
North East, MD 21901
Our tax identification number is 23-0891430.
It’s a simple, flexible, and tax-efficient way to give to your favorite charities. Often described as a charitable investment account, DAFs are created for the sole purpose of supporting the charitable organizations you care about, like Sandy Cove.