Gifts of Stock
Tax-Wise Giving
Do you own stock that has increased in value since its purchase? If you have owned the stock for at least one year, there is a unique opportunity for philanthropy.
When you donate securities to Lighthouse Youth & Family Services, you receive the same income tax savings (if you itemize) as if you wrote a check, PLUS the added benefit of eliminating capital gains tax on the transfer.
Making a gift of securities to support the young people in Lighthouse’s care is as easy as instructing a broker to transfer the shares or mailing the physical certificates and a stock power to Lighthouse in separate envelopes. (Using separate envelopes protects the gift— the certificates will not be negotiable without the stock power.)
How does it work? For example, a stock purchased over a year ago for $10,000, worth $25,000 today, would trigger $2,250 in capital gains tax if sold ($15,000 X .15 capital gains tax rate). In comparison, donating the stocks to Lighthouse would generate a $25,000 income tax charitable deduction and $0 capital gains tax.
Using assets other than cash also allows for more flexibility when planning a gift. For example, if you aren’t ready to donate these assets now, a gift of securities through a will or living trust allows for the flexibility to change your mind at any time and continue to receive dividends and participate in shareholder votes; the securities are still your property if needed for other expenses.
Your gift of stock to Lighthouse helps ensure that Lighthouse is there for young people in crisis when and where they need us.
Take the Next Step
For more information on how to make a gift of stock to Lighthouse or to let us know you are planning to or already have made a stock gift, please contact Chief Development Officer Jessica Wabler at jwabler@lys.org or 513-487-7101.
This information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact individual results.
Lighthouse has established a brokerage account for the Lighthouse Beacon for Youth Foundation, which supports Lighthouse Youth Services’ programs. Securities must be transferred directly to this account. You may contact Lighthouse’s representative, Gregory B. Wells, at Morgan Stanley at 513-762-5367.
* The foundation’s full legal name is “Lighthouse Beacon for Youth Foundation, Inc.”
* The foundation’s Federal Tax Identification Number (EIN) is 30-0196366.
* The securities transfer account number is DTC#0015.
* Lighthouse’s account number at Morgan Stanley, which must be referenced, is 285-070172.