Donating appreciated investment assets (stocks, bonds and mutual funds) can be a taxwise way to give to The Leukemia & Lymphoma Society (LLS).
Here's how a stock donation works:
- If you've owned an appreciated security for more than one year, you can deduct its current market value, regardless of your original cost.
- You don't pay capital gains tax on the appreciated amount, so your gift of securities can cost you less than a comparable cash gift.
- You can claim charitable contributions for gifts of appreciated assets of up to 30 percent of your adjusted gross income in any year.
- If you can't use all of the deduction in one year, you can carry over the remainder for the next five years.
Stock Transfer Information
To make a gift of stock, you or your broker will need the following information:
LLS Federal Tax ID No.: 13-5644916
Broker: Wells Fargo Bank N.A. No.: 23360870
DVP Agent No.: 94866
DTC Account No.: 2027
Complete the form below when making your stock donation. When you or your broker transfers shares, notify LLS at (914) 821-8825 so we can identify your gift once received.