The Council on Development can assist your local church with gifts of long-term, publicly traded, appreciated stock and mutual funds.
According to recent studies conducted by the Investment Company Institute and the Securities Industry Association, there have been significant shifts in equity ownership in recent years. The number of households owning individual stocks and mutual funds has increased more than three-fold over the past 25 years. Today, half of all U.S. households own these securities. In 2005, this included more than 91 million people and 56.9 million households. In fact, the number of households owning equities increased by over 7 million since 1999! These numbers continued to grow in spite of the 2000-2002 stock market contraction.
- Half of all U.S. households own equities
- 90% of these households own mutual funds
- Approximately half own individual securities
- Overall, the values of these investments have recovered from the bear markets of a few years ago, with net household wealth at an all-time high
- Nearly 75% of households that own equities hold stock or mutual funds individually, outside of retirement accounts