Stock & Donor Advised Funds - Puget Soundkeeper Alliance

Donor Advised Funds

Make a gift through a Donor Advised Fund (DAF), an increasingly popular charitable vehicle that provides flexibility in supporting your favorite causes with favorable tax benefits. Use the DAF Direct widget below to get started. 

Stocks or Securities

How it works—it’s easy!

  1. You transfer securities to Puget Soundkeeper.
  2. Puget Soundkeeper sells your securities and uses the proceeds for its programs.

Benefits

  • You receive gift credit and an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.
  • You pay no capital gains tax on the securities you donate.
  • You can direct your gift to a specific fund or purpose.
  • You have the satisfaction of making a significant gift now or funding a life-income gift that benefits Puget Soundkeeper for years to come.

How to Give

Stock Transfer Information

Organization Name: Puget Soundkeeper Alliance

Tax ID Number: 91-1285783

To make a gift of stock, please contact Vanguard with your name and the account number below.

DTC: 0062

Brokerage Account #: 79051920

Memo: [Please indicate your full name in the Memo field on your stock transfer form in order for Puget Soundkeeper to acknowledge your gift.]

If you are sending stock, please let us know! Contact Teresa Nelson at 206.297.7002 or teresa@pugetsoundkeeper.org with your broker’s name and phone number, the name and number of shares you are donating.

The tax advantage of a stock gift is that, under current tax laws, the full fair market value of stock and bonds may be deducted. The value of your gift is the value upon transfer to Vanguard.

We encourage you to speak with your financial advisor about how to manage your stock gifts.

Contact

For direct information about gifts of stock, please call 206-297-7002 or email us today.

Appreciated Securities

Gift Details

Donating stock or mutual funds to the Puget Soundkeeper is a simple way to help protect Puget Sound. Give appreciated securities to Puget Soundkeeper and you shall receive — a tax break. Whether it’s 100 shares of blue-chip stock or a new high-tech gadget, our government does allow you to deduct these gifts as charitable donations. Moreover, you also avoid capital gains tax on the transfer. This double benefit means that you can leverage a larger donation by using appreciated securities rather than cash to make your gift. Here’s how it works:

Assumptions: Donor in 33% Income Tax bracket; Capital Gains Tax rate 15%

 

$10,000 Cash
$10,000 Stock Cost Basis $5,000
$15,000 Stock Cost Basis $7,500
Charitable Deduction

$10,000

$10,000

$15,000

Tax Savings @ 33%

$3,300

$3,300

$4,950

Capital Gains Tax Saved

$0

$750

$1,125

Net Cost of Gift

$6,700

$5,950

$8,925

The extra tax saved by using appreciated securities instead of cash to make a $10,000 gift is clear. Now look at the results for the $15,000 gift of securities. With total tax savings of $8,925, it costs you just $2,225 more to make this contribution than the $10,000 cash gift ($8,925 – $6,700) — and to deliver 50% more benefit to Puget Soundkeeper.

We welcome gifts of publicly traded stocks, bonds, and mutual fund shares. Some donors own stock in closely held corporations. Learn about using business assets to make a gift. The securities you use to make your gift must have been held by you for more than one year to be fully deductible.

Securities Fluctuate in Price — How Will My Gift Be Valued?

We take the average of the high and low prices for the security on the date it is received by Puget Soundkeeper. If the high price was $80 and the low was $70 on the day you made your gift, your gift will be $75 per share. If the stock you donate is held by your broker, the gift date is the day the stock is received into our account. If you hold the certificates yourself and mail them to us, the gift date is the postmark date on the envelope.
Donors of mutual fund shares use the fund’s closing price on the day the shares are received into our account.

How to Contribute Gifts of Securities

When giving securities, be sure to consult with your financial advisors first. Let us know that the gift is coming, and what program you want us to apply it to.

Securities Held By Your Broker

Inform your broker in writing that you wish to give appreciated securities to Puget Soundkeeper. Be sure to let the broker know when you’d like the transfer made. Your broker will need to call us at (206) 297-7002 to obtain pertinent account information.

Certificates You Hold

If you hold the actual stock certificates, you will need to sign a stock power form for each certificate you contribute. You may obtain a stock power from any broker or financial institution. When you sign the power, be sure to sign your name precisely as it appears on the certificate. For example, if you are listed as John A. Johnson on the certificate, sign it John A. Johnson. When mailing the certificates, use two envelopes. In the first envelope, place the unendorsed certificates. In the second envelope, place the completed stock power(s). Send them to us on the same day by certified mail. Gift date is determined by post mark.

Our address is:

Puget Soundkeeper
130 Nickerson Street, Suite 107
Seattle, WA 98109

Mutual Funds

Mutual fund transfers usually take a longer time to transfer as each mutual fund company has its own requirements for making charitable contributions. Call us at (206) 297-7002 so that we can work with you to determine the best method of transfer and to discuss your intent. We may need to create an account with your mutual fund company before the transfer can occur, so allow at least one month for the transfer.

Creative Plans for Securities Gifts

Use your gift of appreciated securities to fund a life-income gift at Puget Soundkeeper like a charitable gift annuity or a unitrust. Pay no upfront capital gains tax on the transfer and receive lifetime payments from your gift plan that equal or surpass the dividends the securities are paying now. The result? You make a gift to Puget Soundkeeper while diversifying your portfolio and securing a stream of income.  Contact us today for more information at (206) 297-7002.