If you own stock or mutual funds, it may be more tax-wise to contribute these shares than cash. This is because a gift of appreciated stock or mutual funds generally provides you a two-fold tax advantage:
· You avoid paying capital gains tax on the increase in the value of the stock or mutual funds.
· You receive a federal income tax deduction for the full fair market value of the stock or mutual funds at the time of the gift.
Please consult your tax professional for details on your eligibility for tax benefits. For a stock transfer, you will need the following information:
SF LGBT Center
Schwab Account Number – 9379-2901
DTC Number - 0164
To make a gift of stock, please contact the Development Office at 415.865.5538 or firstname.lastname@example.org.