DONATING APPRECIATED STOCK

 If you are planning to make a donation to Lyme Research Alliance, you might want to look through your stock portfolio before you write a check. Giving appreciated stock instead of cash can greatly benefit both parties. If the stock has increased in value from the time of purchase, the owner can avoid paying capital gains tax by donating the security to charity. When the security is being donated to a charitable organization and has been held more than a year, the total amount will still be eligible for a tax deduction. Since taxation is avoided on the stock donation, the giver will be able to make a larger donation.

Donating Appreciated Stock Held Longer than 12 Months

Advantages of an appreciated stock donation include:

  • Avoiding State and Federal tax on capital gains

  • Receiving an income tax deduction for the full market value of your gift if you itemize deductions and have held the assets more than a year

  • Please consult your financial planner or tax advisor to determine how these potential tax advantages apply to your specific

To complete a transfer of stock to LRA follow these steps:

1. Instruct your broker to transfer the above shares to the Lyme Research Account as follows:

Wire shares to: National Financial Services, LLC

Account# DTC 0226

For the Benefit of: Global Lyme Alliance

For Final Credit to: Account #: Z42876275

2. Send a confirming email to info@LymeResearchAlliance.org with the name of the stock, the number of units donated, your name and email address, so that our finance team may track the transfer and confirm receipt.