Stocks & Securities
Is a Gift of Stock Right for You?
Gifts of appreciated stocks or mutual funds can be a great way to contribute to Triangle Land Conservancy (TLC) because they may provide more benefits than a cash gift. When you make a gift of stock to TLC, by eliminating the capital gains tax that would be due upon selling the stock, you receive tangible tax-savings and benefits while also supporting our environmental mission. A gift of stock may be right for you if:
- You are holding stocks that have risen in value. If your stocks are highly appreciated, you may find yourself with a hefty tax bill when it comes time to sell. By using these securities as a gift, you can avoid the capital gains tax on any paper profit.
- You would like to maximize your deduction while not affecting your liquidity. If you decide to make a gift of stock, you not only retain your cash assets, but you also receive a charitable tax deduction for the full fair market value of the stock that you’ve owned for more than one year.
Interested in transferring stock?
The simplest way to donate securities to TLC is through your broker, who can transfer your stock directly to TLC using the following information:
Wells Fargo Advisors
Brokerage Contact: Melissa Price, 919-338-0566
Account Name: Triangle Land Conservancy
Account Number: 84065555
DTC Number: 0141
TLC’s Tax Identification Number: 58-1514406
To facilitate the accurate acknowledgement of your stock gift, please provide us with your name, the name of the stock, and the number of shares being donated.
For more info, contact Sandra Rodriguez at srodriguez@triangleland.org.
