Stock Gift

The gift of an asset, often common stock or mutual fund shares, is a valuable way to make a contribution to a charitable organization and receive tax benefits based on the value of the asset(s).

Donors can choose to give gifts Jack’s Helping Hand using long-term appreciated stocks and mutual funds. There are attractive tax advantages associated with such gifts.

The benefits available to you when making a charitable contribution of stock or mutual funds may include:

  • Avoiding federal and state tax on the capital gain
  • Receiving an income tax deduction (federal and most states) for the full market value of the gift if you itemize deductions on your tax return and have held the assets one year or longer
  • Making a larger gift at a lower original cost to you

The steps involved are simple. You can either initiate the transfer with your broker, or you can contact our financial broker and do the same. You will determine the gift amount (and corresponding number of shares to sell) and they can be transferred directly into our brokerage account.

We do encourage you to consult your financial planner or tax advisor who can further assist you in evaluating the tax advantages available to you when donating appreciated securities.

For more detailed information about donating stock or mutual funds, please contact us at (805) 547-1914 or email [email protected]. We will be able to connect you with our local UBS Investment Advisor or our Cerro Pacific Wealth Advisors broker who can provide you with our brokerage account information for your transfer. You would have the option to direct your donation to benefit either the Imagination Park or towards the Jack’s Helping Hand financial assistance program.