Westwood Baptist Church has partnered with Infinite Giving to
receive stock donations. If you are interested in donating stock,
please click the link below to start your stock gift.
Choose what to give
Fill out your information with the link below to begin your stock gift. Infinite Giving will send you an email with the information that you will give to your brokerage account to start the donation process.
Giving, Simplified
Once our brokerage account with Infinite Giving has received your charitable stock gift from your brokerage account, you will receive a charitable acknowledgement letter that you can use for tax purposes.
Please note, all stock gifts will be posted to Tithes & Offerings. If you wish for your gift to be designated to Debt reduction or LIFT, please email [email protected], and let us know the designation of your gift. If we have any questions, the church finance office will be in touch.
Maximize your impact by donating stock to Westwood Baptist Church
One way to give to Impact the ministry of Westwood is by donating stock. When you donate stock, your stock gift can have considerable tax-advantages, especially if you have realized capital gains on your original investment. Donating stock is tax-efficient ways to give.
Donating appreciated stock will cost you less than making the same donation in cash. If you were to sell the appreciated stock, you must first pay the capital gains tax and then donate the after-tax portion. When you donate appreciated stock, you can deduct the full value of the stock and avoid paying the capital gains tax. The church receives the full value of the stock because, as a charitable organization, it is not required to pay the tax.
Please note, you will need to consult your tax adviser or investment adviser for advice specific to your financial situation.
The donation is valued on the date that we receive the stock in our brokerage account. (not the date that you request the transfer or the date that your broker initiates the transfer---please keep this in mind for year-end gifts).
The stock is valued by IRS regulations at the average of the high and low sale prices on the date we receive the stock into our account (not the closing price). The full fair market value is the amount that is used for tax-deduction purposes. (If the church has any type of pledge or campaign, the full fair market value is the credit you receive toward your pledge or campaign.)
FAQs
Who is Infinite Giving?
Infinite Giving is an all-inclusive online giving solution with the goal to support non-profit organizations with non-cash asset gifts.
Infinite Giving is a registered investment advisor. Infinite Giving is also registered with FINRA and is custodied by Apex Clearing.
SIPC Insurance
Apex Clearing, our custodian, is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). SIPC does not protect against market changes in your account.
FDIC Insurance
Cash in Infinite Giving accounts is protected by our FDIC sweep program up to $5,000,000.
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