Almost all of our contributions are made with checks or credit cards. However, you can donate stock you have owned more than one year that has appreciated and get a full deduction for the stock’s value, not have to pay tax on the gain, and will conserve your cash.
Besides stock you purchased outright, you can donate dividend reinvestment shares, stock spin off shares, stock in demutualized life insurance companies that you received for “free,” or stock you inherited or received as a gift many years ago.
The Foundation’s policy is to immediately sell any securities transferred with the proceeds considered as your charitable contribution.
Transfers can easily be made by instructing your broker to transfer the stock you want to donate to EBPLF. Call or email Jennifer Podolsky Library Director for specific instructions and our broker’s transfer address.