Donate stocks.
Giving appreciated stocks can be an advantageous way for you to support Live It Learn It.
Donating stocks or appreciated assets can provide significant tax benefits. Typically, if you have held the asset for more than a year, you can deduct its full fair market value, regardless of what you originally paid for it. Moreover, you will avoid paying capital gains tax on the appreciation, maximizing your donation to Live It Learn It.
How?
Contact your broker and tell them to set up a transfer of stock as a gift to a non-profit. Provide your broker with these details regarding Live It Learn It’s account:
Charles Schwab
Account name: Live It Learn It (EIN 35-2247059)
Account number: 5209-6628
Phone number: 1-800-435-4000
Please note that in order to accurately attribute the stock transfer to you, we will need you to send the following information to development@liveitlearnit.org:
Your name and mailing address
Ticker symbol of the stock
Number of shares you are giving
Date the gift order was placed with your broker
Sharing this information ensures that we are able to properly thank you for your kind-hearted gift.
For additional questions or to mail the requested contact details to us:
Live It Learn It
735 8th Street SE, Suite 300
Washington, DC 20003
202-546-6223
development@liveitlearnit.org
Remember that it is always important to consult with a tax or financial advisor when considering these types of gifts to ensure they align with your overall financial plan. Additionally, as with any tax-related transaction, be sure to consult your tax advisor for details regarding tax deductibility and how this transaction may impact your specific tax situation.
