Donating appreciated stock, bonds, or mutual funds

When you donate your appreciated stock, mutual funds, or bonds to Best Friends, we sell your gift and use the proceeds for lifesaving work.

You avoid paying capital gains tax and might also be eligible for a charitable income tax deduction, and you also use your gift of appreciated stock, mutual funds, or bonds to help the animals and receive income for life. Ask us about making a gift of appreciated securities to fund a charitable gift annuity.

As an example of how you and the animals benefit*, the market value of a gift of $100,000 has a $68,500 cost to you when you factor in cost basis ($50,000), charitable deduction ($24,000**), and capital gains tax avoided ($7,500***).

*Figures may vary based on the income tax laws in your state.
**Calculation is based on a 24% federal income tax bracket.
***Calculation is based on a 15% long-term capital gains tax rate.

As always, we recommend that you consult your tax or financial professional for advice before making charitable donations. You can print and bring this fact sheet to your consultation. The first step in making a gift of this type is to provide your with the following securities transfer information*:

DTC code: 0075   
Account number: 1023-7478   
Account name: Best Friends Animal Society   
Best Friends EIN: 23-7147797   
Receiving institution: LPL Financial, LLC** 

*When you make a gift to Best Friends by transferring stocks into our account, we do not receive any information that identifies you as the donor. To ensure that you receive a proper tax acknowledgement of your gift, please let us know. You can reach us by emailing plannedgiving@bestfriends.org or by calling 435-359-9227. 

**LPL Financial is a financial intermediary whose name might appear in any transactions.