Giving Stock and Other Appreciated Assets
How It Works
- You transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to Namikango Mission via the National Christian Foundation (NCF). NCF is our partner in handling the transfer from your possession to the work in Malawi. Check out this link for more information about NCF.
- NCF and Namikango Mission sells your securities and uses the proceeds for the ministry in Malawi.
- Use our Stock Transfer Form to facilitate the gift.
Benefits
- You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer (even if you originally paid much less for them).
- You pay no capital gains tax on the transfer when the stock is sold.
- Giving appreciated stock can be more beneficial than giving cash. The “cost” of your gift is often less than the deduction you gain by making it.
Your tax-deductible gift will be receipted by National Christian Foundation and recognized by Namikango Mission unless you give the gift anonymously. If you give it anonymously, only National Christian Foundation will know who gave the gift.
Giving A Planned Gift
Do you want to see your estate and assets used for Kingdom work after your passing?
Do you have a financial advisor or investment broker working with you on your estate planning or helping you create a will?
Do you love Namikango Mission and want to ensure that future Malawians hear the Gospel?
If you answered “Yes!” to any of the above questions, then it would be good for us to discuss the next steps and options for planned giving to Namikango Mission. Contact Ben Hayes ben@namikango.org to start the discussion today!