Why Donate Stock to Literacy Network?
Giving stock held more than 12 months offers a two-fold tax savings. First, you avoid paying capital gains tax on the increase in value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent vehicle for stock that has appreciated substantially in value.
Donate Stock to Literacy Network
To donate stock, please give the following information to your broker:
Donation to: Literacy Network, Inc.
Investment Company: Scottrade
434 Gammon Place, STE 3
Madison, WI 53719-1090
Please notify Literacy Network when you have completed your request to your broker. To ensure the timely completion of your transaction, please contact Executive Director Jeff Burkhart, 608-244-3911 or email firstname.lastname@example.org