Transferring appreciated stocks and securities to SustainEd Farms is a great way to make a charitable gift, and you can benefit in two ways. When you donate publicly traded stocks to SustainEd Farms that have been held long-term (owned for more than one year), you may avoid capital gains taxes. Plus, you may take the full fair market value of the gift (on the date it is transferred rather than the amount you originally paid for it) as a charitable deduction on your income taxes.
The easiest way to make this kind of gift to SustainEd Farms is to have your broker electronically transfer the stock from your account to ours:
Account with: CUSO Financial Services, L.P. (Member FINRA/SIPC) at Bellco Credit Union
Broker: Pershing, LLC
Phone #: 720-496-3490
Account Name: SustainEd Farms
Account #: H22518189
Once you have made a gift of stock, please notify SustainEd Farms at firstname.lastname@example.org. Please be sure to provide your name and address. This is necessary because electronic transfers of stock are not made in the name of the owner (you) but in the name of the financial firm. SustainEd Farms is only able to provide you with a receipt of your gift if you notify us.
Depreciated Stocks & Securities
You also have the option of using depreciated stocks and bonds to make a charitable gift to benefit SustainEd Farms. If you sell stocks or bonds and donate the proceeds to SustainEd Farms, you may be able to take a charitable deduction for the full value of the gift and take the capital loss on the asset.
Please consult your attorney, broker, or financial advisor to determine the tax deductions that apply in your case. SustainEd Farms does not offer tax advice.