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Gifts of Stock

Jon and Robyn Young

Giving long term appreciated stock offers you a two-fold tax saving. You avoid paying any capital gains tax on the increase in value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the gift. Plus, the added benefit that your generosity makes a difference in the lives of those living with and at risk for lung cancer. 

Transferring gifts of stock before December 31 allows you to claim the tax deduction on your tax return. You should always check with your own tax advisor before making a gift of stock or securities.

 The process is simple:

  1. Send (to donate@lungcanceralliance.org) us an email and let us know the name of the corporation (issue), the number of shares, the expected transfer date and the name and telephone number of your broker.
  2. Instruct your broker to transfer securities to Lung Cancer Alliance.
  3. We sell your securities and apply the proceeds to advance our mission.
  4. We will promptly send you the appropriate tax receipt and acknowledgement letter.

 

Wire Instructions  

DTC #8862
Merrill Lynch, Pierce, Fenner & Smith Incorporated
DC8-152-06-00
FBO: Lung Cancer Alliance
Account # 7NG – 02039
Lung Cancer Alliance Tax ID#: 91-1821040

For more information, please call 1-800-298-2436 or email us.