Stock Gifts
A charitable contribution of long-term appreciated securities has two key advantages:
Any long-term appreciated securities with unrealized gains (meaning they were purchased over a year ago, and have a current value greater than their original cost) may be donated to a public charity and a tax deduction taken for the full fair market value of the securities- up to 30% of the donor’s adjusted gross income.
Since the securities are donated rather than sold, capital gain taxes from selling these securities no longer apply. The more appreciation the securities have, the greater the tax savings will be.
Your broker can electronically transfer shares of stocks or bonds to the Loveland Schools Foundation Endowment Fund through our brokerage account. Here is the information your broker will require:
Brokerage Firm: Vanguard
Account Registration: Loveland Schools Foundation
Account Number: 82099918
Vanguard DTC Clearing Number: 0062
Loveland Schools Foundation Federal Tax ID: 31-1741196
Because your name will NOT be disclosed to the broker when your stock gift transfers, please advise Colette Ledford by phone (513-774-6228) or email, ledforco@lovelandschools.org when you make your gift so that we can properly credit it.
It is also important to note that a gift of stock is not considered complete until it arrives in our brokerage account, which can take up to 2-3 business days. Please be aware of this if you are making a year-end contribution for tax planning purposes.