Giving Stock

One of the most advantageous ways to make a contribution is to give a gift of stock. 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. For stock that has appreciated substantially in value, using it to make a gift to LBFE is an excellent financial contribution.

To make a stock gift, contact Sandy Lewis at 612.746.0744 or slewis@littlebrothersmn.org to confirm the following:

1. Name of the stock being used for this contribution
2. Number of shares being contributed
3. Date the stock will be transferred.
   

With the new privacy laws, brokers are reluctant to give us the name of donors. By providing this information ahead of time, it will ensure that LBFE can match the stock gifts to the appropriate donor.

Stockbrokers require instructions in writing for stock transfers. You will need to give the following information to your broker to make a gift to Little Brothers – Friends of the Elderly.

Investment Representative: Gavin Burns
Bremer Bank
Phone: 612.782.1526
Fax: 612.782.1511
Broker Contact: National Financial LLC
200 Liberty Street – 5th Floor
New York, NY 10281
Account No.  E2D-061255
DTC 0226 (for electronic transfers)

NOTE: Mutual Fund Asset Gifts
If you are transferring a mutual fund asset, please contact Janene Connelly BEFORE initiating the transaction. Mutual funds require special handling.

Thank you very much for your financial support of Little Brothers – Friends of the Elderly!