Stock donations leave cash in your wallet and provide a more efficient way to dispose of shares, avoiding taxation on capital gains and allowing the full value of the shares to benefit LPIE. With market returns in 2020 heavily concentrated in a handful of large stocks, a stock donation can be part of your year-end portfolio rebalancing strategy. The top 5 companies in the S&P 500 gained an average of 41.8% through October 30. Meanwhile, the other 495 stocks in the index are down an average of -3.8% for the year. So if you own Apple, Microsoft, Amazon, Google, Facebook or any other appreciated shares (think Tesla, Zoom, Docusign, Adobe or PayPal) and want a tax-efficient way to reduce the concentration in your portfolio, please consider donating some shares to benefit our schools.
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 .
Send wire transfer to:
Charles Schwab & Co., Inc.
DTC Clearing 0164, CODE 40
Account of Lafayette Partners in Education