About Donating Stock

Donating stock or mutual funds is a tax-wise method of making a lasting contribution to the Foundation on behalf of the DC Library. These gifts can help ensure that the Foundation continues to provide critical programs, services, and materials to the Library, while also providing you with considerable tax benefits.
Stock Gift Form (pdf)

Benefits

There are significant benefits to making an outright gift of appreciated securities held long-term (one year and one day):

Income Tax Savings

By giving appreciated securities, you can take an income tax charitable deduction equal to the full fair market value of the security on the date it was given. Your deduction is available for the year you made the gift. As an added benefit, if you cannot take the entire deduction in the first year, there is a five-year carry-over for any excess.

Capital Gain Tax Savings

By donating appreciated securities, you can avoid capital gain taxes, which you would have incurred if you had sold the security. As a result, the full value of your shares will be used to support the DC Public Library Foundation’s mission—to support and enhance the work of the DC Public Library.

How It Works

If you purchased $5,000 worth of "ABC" Stock, and it is now worth $10,000, you can make a $10,000 gift to the Foundation and realize the tax savings. You may take a $10,000 charitable donation deduction on your federal income taxes, saving $2,800 in federal income tax, and avoiding a capital gain tax of $1,000. 

Instructions for Gifts of Securities:

Your broker or bank representative can handle the transaction electronically; please contact them to arrange the transfer or follow instructions in the column on the left.

Please Contact Anna Velazco at 202-727-4943 or email her at avelazco@dcplfoundation.org if you have any further questions.