Giving Appreciated Stock

You can support the Old-Growth Forest Network by donating shares of appreciated stock. Usually, if you sell the stock, you’d pay federal capital gains tax (and sometimes state tax) on the appreciation. But, if you donate the shares instead, you don’t pay federal capital gains tax (or state income tax). And, if you itemize your deductions, you can still deduct the full market value of the appreciated shares, resulting in a win-win. You must have owned the stock for at least a year

Example*

Jane lives in Maryland and owns 100 shares of XYZ stock that she bought for $40/share more than a year ago. The stock is now worth $100/share. Jane wants to donate $1,000 to the Old-Growth Forest Network. She can donate 10 shares of the stock, worth $1,000. She will pay no capital gains tax or MD income tax on the $600 of appreciated value of the 10 shares. In addition, if Jane itemizes deductions, she can deduct the full $1,000 value of the 10 shares.

If Jane sold the stock instead, she would have to pay Federal capital gains tax and MD income tax on the $600 of appreciated value, leaving her with much less than $1,000 in cash to donate.

*The specifics of any deduction allowed will depend on your unique circumstances. Please confer with a tax professional to confirm your personal tax benefit potential. 

Transfer Directions

Please initiate all stock donations with your broker and consult them to ensure that the stock is eligible for electronic delivery over the Deposit Trust Company (DTC) system (this is the fastest, most secure, and cost-effective method of donating securities).

You can also donate appreciated stock through a Donor Advised Fund (click here to learn more).

Step 1. Inform us of your intentions by filling out this form or contacting us directly at kayla@oldgrowthforest.net or leave us a voicemail at (404) 585-0329. When stock is transferred into the Old-Growth Forest Network’s brokerage account, you are not identified as the donor. We simply knows stock has arrived in our account.

Step 2. Make arrangements with your broker to transfer stock to the Old-Growth Forest Network. They will need this information to begin the transfer:

Account name: Old-Growth Forest Network, Inc. (Tax ID # 45-4115570)
Account number: 1519-4498
DTC Number: 0075
Receiving firm name and address: Wye Financial & Trust, LPL Financial
Attention: Tom Saxon
16 North Washington Street
Easton, MD 21601
410-763-8543
Tom.Saxon@wyetrust.com

Step 3. When your stock donation is received in our brokerage account, we will personally thank you for your generous gift and send you a formal acknowledgement letter of your donation for your tax records. **If you do not hear from us about your gift, please reach out to us ASAP so we can make sure it was received and the gift was tied to your name. Contact: kayla@oldgrowthforest.net or leave us a voicemail at (404) 585-0329.

Have questions? Your tax advisor or financial advisor should be able to discuss your personal situation. If you need assistance informing us of your intentions contact Kayla Green, Development Director, at kayla@oldgrowthforest.net or leave us a voicemail at (404) 585-0329. We will contact you promptly.