Gifts of long-term appreciated securities are an easy way to make a lasting contribution to OPAL Community Land Trust. When you make a gift of securities, you:
- Save the Capital Gain Tax: By donating securities that you have held for one or more years, you can avoid capital gain taxes that you would have incurred had you sold the securities yourself.
- Save Income Tax: You may take an income tax deduction for the full current market value of the gift.
- Leverage Your Gift: If the current market value of the securities you donate to OPAL is larger than your original cost basis in the securities, you leverage a larger gift to help OPAL provide permanently affordable housing on Orcas!
To make a gift of appreciated securities, please contact the OPAL office at 360-376-3191 or firstname.lastname@example.org to receive a copy of our “Securities Gift Transfer Form”, which provides instructions that your broker can follow to transfer securities electronically to OPAL Community Land Trust.
Please instruct your broker to notify the OPAL office at (360) 376-3191 prior to making a transfer. This assures that your gift will be handled expeditiously and properly acknowledged for tax purposes.