Donating stock and mutual funds is a great way to make a significant contribution while avoiding the capital gains tax.
Donating this way offers two tax savings benefits.
1. You can take a charitable deduction for the full current value of the securities.
2. You avoid paying the capital gains tax that would be due if the securities were sold.
It is imperative that you notify GBSC of your gift prior to transferring the gift.
The following account information is necessary to transfer stocks or securities by DTC to God’s Bible School & College.
Fifth Third Bank
Account #: 010003358702
God’s Bible School and College CGA
God’s Bible School & College
1810 Young Street
Cincinnati, OH 45202
GBSC Tax ID#: 31-0544271
Director of Institutional Advancement
(513) 721-7944 ext.1221