Have you considered donating appreciated stocks and mutual funds to help the oceans? Making a donation of this kind can be a highly effective gift, especially if you hold investments in stocks and mutual funds that have increased in value, and if sold, would trigger a considerable capital gains tax.
Please consider donating these stocks to the Sea Turtle Restoration Project to benefit the oceans. By transferring appreciated stocks and mutual funds you have owned for more than one year you can avoid Capital Gains tax altogether. In fact, the full value of the stock becomes an immediate income tax deduction for you.
For example, if you purchased stock for $500 that has appreciated to $5000, and you donate it to the Sea Turtle Restoration Project, you have made a $5000 gift to the sea turtles that cost you only $500. Additionally, you can deduct the full $5,000 on your income tax return for the year in which the donation is made.
Benefits of giving shares that have increased in value:
• Use the value of your investment to help sea turtles and the oceans
• Avoid capital gains taxes
• Deduct the full value of the investments you donate from your income taxes
• Make a larger gift for less expense
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How to Make an Electronic Stock Transfer
We request that you send stocks via DTC transfer (electronic transfer from your brokerage to our brokerage) to minimize paper transactions and processing delays. When making the transfer, you or your transferring broker must provide:
• Your Name and Complete Address
• Name and Number of Shares Transferred
• Your Broker's Name and Telephone Number
• Approximate Dollar Value of the Donation
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The following information is provided to enable your broker to transfer stock directly to Turtle Island Restoration Network, the nonprofit that the Sea Turtle Restoration Project is part of:
Financial Institution: Charles Schwab
DTC: 0164
Account #: 9154-5095
Account holder: Turtle Island Restoration Network
Federal ID#: 91-1818080
Please ask your broker to fax a copy of the transfer request to our fax number: 415-663-8594 so that we will can verify receipt of your donation.
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