Stocks and IRA Gifts
Gifts of Stock and Securities
Gifts of appreciated stock and securities are win-win alternatives to charitable cash donations. Your tax advisor can provide you with all the details. However, if you have held appreciated stock or mutual funds for more than one year, you can donate those securities to the Land Trust and receive a tax deduction for the current market value of the securities—thereby eliminating any capital gains assessments on future sales.
Give your tax advisor or broker the following information:
Broker: Mission Wealth Management
Contact: Matthew Adams
Telephone: 805/882-2360 or 888/642-7221
Charles Schwab & Co., Inc.
DTC No. 0164
Account No.: 9980-4846
Credit: Land Trust for Santa Barbara County
Land Trust Tax ID #: 95-3797404
Please fill out this Transfer of Securities Form and send it to the Land Trust (PO Box 91830, Santa Barbara CA 93190) so we are prepared for stock donations.
IRA Charitable Rollovers
If you are 70 ½ or older, you can make tax-free charitable distributions from your IRA to the Land Trust. The law allows individuals to roll over up to $100,000 from an IRA directly to a qualifying charity without being taxed. For some this will greatly increase their ability to support the momentum we are building at the Land Trust.
To make an IRA gift, please contact your IRA administrator. To be tax-free, these gifts need to come directly from your IRA account.
Please contact Carrie Mullen at [email protected] or (805) 966-4520 if you have questions about either of these ways to give.
And, please, let us know if you have ordered a stock or IRA distribution. These gifts frequently arrive with little information! Providing us with the approximate amount and timing of the gift will allow us to correctly register the gift and thank you appropriately.