Gifts of Securities
A gift of securities—such as stocks, mutual funds, and bonds—can provide attractive benefits in some circumstances. An outright gift of long-term, appreciated securities (securities held for more than a year) avoids capital gains taxes and in most cases can provide a substantial benefit to us. For the donor the cost of the gift is the original cost of the security. The donor obtains a charitable income tax deduction equal to the market value of the securities at the time of the gift.
If your shares of stock are in a brokerage account, you will need to provide your broker with the following information:
Our brokerage account is with Scottrade.
DTC # 0705
For the benefit of the David Lynch Foundation, Account # 24175885
Please include: “Forward to Cedar Rapids, Iowa office.”
It is important when making a gift of stock that you inform the David Lynch Foundation in advance so that the gift will be properly credited when received. To advise us of an anticipated stock gift, please contact:
National Director of Development
With the following information:
- Your name
- Name of stock gift
- Number of shares
- Designation of the gift, if any
- Approximate date of expected gift