Donating publicly traded stocks or mutual funds to The Longbranch Foundation is a smart and simple way to support the South Key Community.
You can make a gift of appreciated securities—publicly traded stocks, bonds and mutual fund shares listed on the NYSE or NASDAQ exchanges —to The Longbranch Foundation while avoiding capital gains tax, diversifying your portfolio and/or securing a stream of income.
1. You transfer appreciated securities to The Longbranch Foundation’s broker. Please call us to discuss how to initiate this transaction.
2. The Longbranch Foundation’s broker sells the securities and uses the proceeds to fund those causes you identified on the Donation Form.
3. You receive credit and an immediate income tax deduction for the fair market value (average high and low prices on the day of the transfer).
4. You avoid capital gains tax.
Please note that the securities you use to make your gift must have been held by you for more than one year to be fully deductible.
The Longbranch Foundation is a non-profit, tax exempt 501(c)(3) charitable organization associated with The Longbranch Improvement Club. Your donation is tax deductible to the extent allowed by law.