Donation of Stock
Increase your gift to Kaleidoscope Fighting Lupus – and your tax deduction – with a donation of long-term appreciated securities, including stock, bonds and mutual funds. It’s simple, it’s easy and it’s a win-win situation; you can eliminate your capital gains tax exposure, take a charitable deduction, and increase the overall amount of your donation!
- Keep in mind that:
You’ll receive an income tax deduction on the fair market value on the date of transfer, no matter what you originally paid;
- You’ll pay no capital gains on the securities you donate;
- And, you’ll have the satisfaction of providing necessary funds and resources to ensure that no one has to face the debilitating effects of lupus alone.
Please remember that you don’t want to tell your broker to sell the stock and forward the proceeds to Kaleidoscope Fighting Lupus. This will jeopardize your tax savings benefits. Be sure to notify us before any transfer occurs.
To get started, the easiest thing to do is to give our office at call at (503) 936-0187 or send us an email at [email protected]. We would be more than willing to walk you through the process.
If you’d rather get things going on your own, the first step is to call or write your broker to let them know you want to make a gift of stock, bonds or mutual funds to Kaleidoscope Fighting Lupus (Tax ID #26-1177717). Your broker will want to know the name of the stock(s) and the number of shares you are contributing. In this initial conversation, be sure your broker clearly understands your intent of donating stocks, not selling the stocks and donating the proceeds. After you have notified your broker, please contact us at (503) 936-0187 or [email protected] and we can walk you through the next steps to make the process as seamless as possible!
Once the transfer goes through, Kaleidoscope Fighting Lupus will notify you with the dollar amount of your gift based on the date the transfer is completed. Gift value is based on the average of the stock’s high and low price on the day of the transfer.