Gifts of publicly traded stock that has increased in value and that you have owned for more than one year may provide greater tax benefits than donating cash. You can get a charitable deduction for the full value of the stock and avoid paying any capital gain tax.How to donate stock directly to the Liahona Children's Foundation
If you hold publicly traded stock that has gone up in value, you can get a charitable deduction for the full value of the stock and avoid paying any capital gain tax. EXAMPLE: You donate 100 shares of Company X that you purchased two years ago for a total of $3,000 but which had a value of $13,000 on the day the donation was made. By donating the stock directly to the Liahona Children's Foundation, you get a charitable deduction of $13,000 and you avoid paying tax on the $10,000 capital gain you would have recognized if you had sold the stock.
CAUTION: You must give the stock directly to the Liahona Children's Foundation to avoid paying tax on the capital gain. Don't sell the stock and give the money to the Liahona Children's Foundation or you won't get to exclude your capital gain. You would still get the charitable deduction, but not the capital gain exclusion.
Here is the information needed to donate stock to the Liahona Children's Foundation:
Brokerage House: TD Ameritrade
Account Name: The Liahona Children's Nutrition & Education Foundation
Account Number: 863344306
DTC Number: 0188
Please inform us of your stock transfer so we can properly acknowledge your gift with a written acknowledgement to confirm receipt of your gift that you can use for your tax records. Please contact Scott Rasmussen if you need assistance with donating stock to the Liahona Children's Foundation. He can be reached at email@example.com or 435-669-1122.
Thank you for considering this important way to support the Liahona Children's Foundation!!
You can support Liahona Children's Foundation when you buy or sell on eBay, with the eBay Giving Works program. Here's how:
You can find whatever you’re looking for on eBay - from baseball cards to new cars and more. When you do, shop for items that benefit us. You can get a great deal and support Liahona Children’s Foundation Mission at the same time!
You can also support Liahona Children's Foundation when you sell on eBay. Just designate our organization to receive 10-100% of your final sale price the next time you list something great.
Did you know that charity listings often get more bids and higher prices than regular eBay listings? Boost your sales and support our critical work while you're at it! Plus eBay gives back to you too, with a fee credit on your basic selling fees.