Put Stock in Grand Staircase.
Donating stocks or mutual funds to Grand Staircase Escalante Partners is a simple and meaningful way to help protect the Monument. By giving appreciated securities, you may be able to gain a substantial tax advantage for yourself. Below you will find the information necessary to transfer your shares into GSEP’s account.
Investment Firm: LPL Financial
Account Number: 46082189
DTC Number: 0075
Please contact us with the details of your transfer (your name and contact information, intended date of transfer, type of stock, and number of shares), so we can communicate with our investment firm and that we may promptly process and acknowledge your generous gift.
Email this information to our Operations Manager at firstname.lastname@example.org.
How It works
You can donate appreciated publicly traded stocks, bonds and mutual fund shares to GSEP while avoiding capital gains tax, diversifying your portfolio and/or securing a stream of income. It’s a simple and efficient way to give.
- You transfer appreciated securities to GSEP.
- GSEP sells the securities and uses the proceeds to fund our work to safeguard Grand Staircase-Escalante National Monument.
Why donate stocks?
When you donate stocks or mutual funds you receive an immediate income tax deduction for the fair market value of these securities, and you avoid capital gains tax. You may fund a charitable gift annuity or a unitrust that diversifies your portfolio and allows you to receive lifetime payments that equal or exceed the dividends that the securities are paying now. Please note that the securities you donate must have been held by you for more than one year to be fully deductible.
When you donate appreciated securities, you are able to deduct the gift as a charitable donation and avoid capital gains tax at transfer, though some capital gains taxation may be a part of the income stream if you choose to fund a gift that pays you income. This dual benefit allows you to leverage a larger donation by using appreciated securities rather than cash to make your gift. Here’s an example.
Assumptions: Donor in 37% income tax bracket; capital gains tax rate 23.8%
|$10,000 CASH||$10,000 STOCK
COST BASIS $5,000
|Tax Savings @ 33%||$3,300||$3,300|
|Capital Gains Tax Saved||$0||$750|
|Net Cost of Gift||$6,700||$5,950|