Donating stock directly to a charity is one of the most tax-smart ways to give. You can usually deduct the full fair market value of appreciated long-term assets you’ve held for more than one year, such as stocks, bonds, or mutual funds. In addition, if you donate stocks or other investments, you pay no capital gains tax. Generally, if your assets have appreciated in value, it’s best not to sell securities to generate the cash you need for a donation. Instead, contributing the securities directly to LPIE increases the amount of your gift as well as your deduction.
Gifts of stock to The Lafayette Partners in Education (LPIE) may be wire transferred directly to a Charles Schwab & Co., Inc. account which Lafayette Partners in Education maintains for this purpose. In order to record such gifts we need the following information:
Name of Donor
Company name, stock classification and number of shares
Date of the stock transfer
Value per share and date of valuation
This information can be supplied in a letter to LPIE (PO Box 923, Lafayette, CA 94549) or emailed to Fundraising@LPIE.org.
Send wire transfer to:
Charles Schwab & Co., Inc.
DTC Clearing 0164, CODE 40
Account of Lafayette Partners in Education