The Foundation is now able to accept securities and bonds in our Scottrade account.
The IRS provides substantial tax benefits to the donor. If you donate appreciated securities, you receive a tax deduction for the MARKET value of the securities, without paying tax on the appreciation.
If you donate securities at a loss, you can deduct the amount of the purchase price.
Either way, you AND the Foundation win.
To make a donation of stock or bonds, you need to contact your broker and ask for a "Charitable Gift Transfer Form." Here is an example from Scottrade, but your broker will have a similar form.
You will need the following information:
KBTF Scottrade Account Number: 49136932
P.O. Box 1495
Solvang, CA 93464
Should your broker require more information, feel free to contact our broker:
Dean Sumer, Investment Consultant
1850 Douglas Boulevard, Suite 902
Roseville, CA 95661-3672
Should you wish to donate stock and bonds for a specific purpose, or need more information, please contact me at email@example.com or 800-532-2890 X1.
Your donation of stocks and bonds is very much appreciated.