Stock and mutual fund donations
One of the most advantageous ways to make a contribution is to give a gift of stock. Giving stock held more than 12 months offers a two-fold tax savings. First, you avoid paying capital gains tax on the increase in value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. For stock that has appreciated substantially in value, using it to make a gift to LBFE is an excellent financial contribution.
To make a stock gift, please contact James Falvey at firstname.lastname@example.org
or 612.746.0742 with the following:
- Name of the stock being used for this contribution
- Number of shares being contributed
- Date the stock will be transferred.
With the new privacy laws, brokers are reluctant to give us the name of donors. By providing this information ahead of time, it will ensure that LBFE can match the stock gifts to the appropriate donor.
Your broker will require the following information to compete the transaction:
Investment Representative: John Lang
1215 N. 7th Street, Suite 100
Lake City, MN 55041
Account No. 547-11144-1-2
DTC 0057 (for electronic transfers)