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Stock Gifts
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The gifting of appreciated stock or bonds to King of Kings is a great way to help support the vital ministries of your church, avoid taxation of your gift and receive a benefit on your tax return for your donation. The IRS allows the direct transfer of stock to the church and allows the donor to deduct the value of the stock on the day you give it to the church as a donation on your tax return. You do not have to report the gain in value of your stock as income. The church can sell the stock with no tax consequences.
The process of transferring stock is very easy and all you need to do is call Dianne and she can give you the information on how to make this donation. Should you wish to make such a donation, please call Dianne Johnson at 651-738-3110 even before you call your broker.
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“We all have gifts that differ according to the grace given to us.” Romans 12:4-6
What's in our budget, where your contributions go?
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At the Congregational Meeting on
February 28, 2010 a budget of $1,823,625
(operating and capital appeal funds)
was approved.
Monthly receipts for 2010 as follows:
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January
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February
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March
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April
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May
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June
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July
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August
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September
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October
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November
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December

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