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STOCK GIFTS

NORRIS R. WOODY
AXA Advisors, LLC
19900 W. Catawba Avenue, Suite 207
Cornelius, NC 28031
704-895-7475

MEMORANDUM

TO:        Friends of Global Evangelism Ministries
FROM:   Norris R. Woody, AXA Advisors
RE:        Ways to support the Lord’s work through GEM

Because GEM is recognized by the IRS as a 501(c) (3) non-profit organization, in addition to tax deductible cash donations there are numerous other Tax advantaged ways to support the work of GEM.

•    Do you own Stock that has appreciated in value over the years?

•    Are you concerned about paying a large capital gains tax should you decide to sell the stock?

•    Are you interested in helping GEM at the same time?

Stock gifts of appreciated stock can yield tax benefits because they are deductible from your income tax at their fair market value. This kind of gift avoids capital gains tax that would otherwise result from selling the stock and then using the cash to make your gift to GEM. Gifts of appreciated assets are deductible in amounts up to 30% of adjusted gross income, and any excess deductions may be carried over for use in future years.

On the other hand, if you own a stock that has depreciated in value, you also have two ways to save on taxes.

1.    Sell the stock and declare the full loss on your taxes.
2.    Give the cash proceeds to GEM as a fully ax deductible charitable donation.

Please feel free to contact me directly with your questions about financial support of Global Evangelism Ministries. I can be reached by email at norris.woody@axa-advisors.com or by phone at 704-895-7475. I look forward to hearing from you on this matter.