Donating Appreciated Securities
Giving appreciated stocks, bonds, or mutual fund shares held more than one year can provide an immediate benefit to ServeMinnesota and may be more tax efficient than giving cash.
By making a gift to ServeMinnesota using appreciated securities held for more than one year, donors may receive a double tax benefit. They avoid capital gains tax on the appreciation of the donated asset, and may claim an immediate deduction for the current fair market value of the property—up to 30 percent of adjusted gross income.
Any unclaimed portion of the deduction may be carried forward for up to five additional years, subject to the same annual limit. Because the donated property is appreciated, the benefit of the gift to ServeMinnesota may well be considerably greater than its original cost to the donor.
How to make a gift of appreciated securities
1. Talk to your broker about the securities you’d like to give to ServeMinnesota or discuss the value of the securities you’d like to donate. Work with your broker to identify what securities or set of securities approximates that value.
2. Provide to your broker the following information on transferring securities electronically to ServeMinnesota’s broker.
Broker name:
LPL Financial 4707 Executive Drive San Diego, California 92121 Account # 5649-8003
3. Alert ServeMinnesota of your plans to transfer securities by emailing lynn@917877.com. Provide the following information:
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Your name and address
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The fund you wish to support (designate your gift to ServeMinnesota or a specific program)
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The stock or other securities you plan to transfer and the number of shares
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The approximate value of this gift
For additional questions about transferring securities, please contact our Vice President of Finance, Lynn Lewis at 612-746-1390 or lynn@917877.com.
Disclaimer: Information on this website is not intended as legal or tax advice. For information on how any gift may affect your tax situation, please consult with your own professional advisor.
