Donating stocks, bonds, or mutual funds to the Grand Canyon Trust is a tax-wise and simple way to help safeguard the Grand Canyon and the entire Colorado Plateau.
When you transfer appreciated securities that you’ve held for at least one year, there are immediate financial benefits to both you and the Trust. Your gift is greater than if you sold the stock yourself and donated what remained after paying capital gains tax.
The details
- You can claim an immediate charitable tax deduction for the full fair market value of the securities that you donate.
- You avoid capital gains tax on the appreciation.
- The Trust immediately sells the securities to support our priority conservation work, without paying any capital gains tax.
Example
Here is an example comparing of a cash gift of $10,000 and an appreciated securities gift worth $10,000 that was originally purchased for $2,000 (assuming the donor is in the 35% income tax bracket and assuming a long-term capital gains tax rate of 23.8%, not including any state tax).
| $10,000 CASH DONATION | $10,000 STOCK DONATION (Cost Basis $8,000) | |
| Charitable Deduction | $10,000 | $10,000 |
| Income Tax Savings @ 35% | $3,500 | $3,500 |
| Capital Gains Tax Saved | $0 | $1,904 |
| Net Savings | $3,500 | $5,404 |
To make a gift of stock, please follow these instructions:
- Please notify us of your intent to give a gift of stock to ensure we watch for your gift and then appropriately acknowledge your contribution.
- To transfer the stock, share this information with your broker/advisor:
Schwab
DTC: 0164
Grand Canyon Trust
Account Number: 3352-0234
For more information about how to name the Trust in your will or estate plan, please contact us at (928) 774-7488 or philanthropy@grandcanyontrust.
** Please note the Grand Canyon Trust cannot render tax or legal advice. We urge you to consult with your professional advisor about your situation before making a charitable gift.
Looking for other ways to give?
Whether you choose a one-time donation, set up a recurring monthly gift, or leave us in your will, you can trust us to make the most efficient use of every dollar.
Have questions about membership or giving?
