Did you know that a direct transfer of appreciated stock is a good way to make a gift to the Mission? There are very favorable tax rules for donors who want to donate long-term stock that has appreciated. You avoid paying capital gains taxes on the stock. You may also be able to take a charitable deduction for its present market value. Please see IRS Publication 526 for more tax information on Charitable Contributions. You can also speak with your broker about gifts of appreciated assets.

GIVING PROPERTY THAT HAS DEPRECIATED IN VALUE

Do you have stock or other property that has decreased in value? You will normally save more in taxes by selling it and giving the sale proceeds to the Mission. Then you may be able to claim a capital loss on your tax return. You can also deduct the cash proceeds you give as a charitable gift. This can result in tax deductions that amount to more than the current value of the asset. Tax deduction for gifts of depreciated property will be based on the current value. It is not based on what you originally paid for it.

HOW TO MAKE A STOCK DONATION

Would you like to donate stock? Please contact Betsy Tewalt, Director of Business and Finance, at 208-639-3290 or by email at [email protected]. Please give her the following information:

  • Your intent to make a gift to the Mission
  • Your full name, address, and telephone number
  • The estimated transfer date
  • The name of your securities firm
  • The name and contact information of your broker
  • The intended purpose of your gift

Electronic Transfer

Securities should be transferred to the following:

UBS Financial Services
DTC 0221

A/C Name: Boise Rescue Mission
A/C Number: 8B09990

Our UBS Contact: Mike Treinen

Direct208-947-1999
Toll-Free800-444-3805
Email[email protected]
Address1161 West River St Suite 340
Boise, ID 83702

Once your stock gift is processed, a tax receipt will be mailed out stating the name of the stock, the number of shares, and the date it was received by Boise Rescue Mission. Your tax advisor should determine the value of the gift.