Lake Country School - Gifts & Giving: Gifts of Appreciated Stock/Securities

In most cases, the full fair market value of the stock on the day it is donated to Lake Country School is allowable as a tax deduction. And, because your gift is not considered a sale of those securities, you avoid paying capital gains tax.

For example, if you had purchased stock ten years ago in XYZ Corporation for $10,000 that is now worth $25,000, and you gift this stock to Lake Country School, you will receive a $25,000 income tax deduction and avoid paying capital gains. Your $25,000 gift costs you only the $10,000 that you initially paid for the stock minus your tax deduction and the capital gains avoided. This means that the after tax cost of making a gift of appreciated securities can be substantially less than making a gift of cash.

Stock Transfer Instructions

Lake Country School has an established account with RBC Dain to process gifts of appreciated securities. The Lake Country account number at Dain is 1101-4916-3892 and the DTC number for electronic transfers is 0235. Lake Country School is a non-profit, 501(c)(3) and our federal tax identification number is 41-1278205.

If you have questions about making a gift of appreciated securities, please contact LCS accountant, Paul Petroski at 612-827-3707, ext. 16, or Karen Young, our account representative at Dain, at 952-838-8120 or karen.l.young@rbcdain.com.