Gifts of Stock

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 and qualifying for a charitable income tax deduction for the full fair market value.

1. You transfer appreciated securities to The Longbranch Foundation’s broker. Please Contact Us to discuss how to initiate this transaction.

2. The Longbranch Foundation’s broker sells the securities and we use the proceeds to fund those causes you identified when you Contact Us.

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 cannot render tax or legal advice. Please consult with your professional financial advisor before making a charitable gift.

 


 

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.