If you have stock, bonds, or mutual fund shares that you have owned for more than one year, you may donate them to the Luis Palau Association and use their fair market value when gifted as the amount of your donation. This benefits both the Luis Palau Association and you. You are not required to pay any capital gains taxes on the transaction because you have donated the security rather than sold it. And the Luis Palau Association receives the full value of the stock, bond, or mutual fund shares to help advance the Good News around the world.
Do you have questions? Email our chief accountant, and he will be happy to assist you.