If you own stock or a mutual fund that has appreciated in price since you purchased it, consider using that asset for your charitable giving. You get an income tax deduction for the full market value of donated securities that you have owned more than one year and you will avoid the capital gains tax on the appreciated value.
To transfer securities to LLS, please provide your broker with the following instructions, which will enable them to electronically transfer your stock to LLS:
LLS Federal Tax ID: 13-5644916
Broker: Wells Fargo Bank
DVP Agent: 94866
DTC Account: 2027
For mutual funds, to initiate the process, please ask your broker to contact us at 888-557-7177 or firstname.lastname@example.org. We will help coordinate the request.
Important Notes: To take advantage of the tax benefits of gifting stock, your shares should not be sold but rather TRANSFERRED to LLS. And please instruct your broker to include your name and address. Some brokers will not send this information unless instructed.
In addition to instructing your broker, please notify us of your donation so we can identify your gift in our brokerage account. Please call us or email us with the information requested on the stock donation form at 888-557-7177 or email@example.com.