Securities and mutual funds that have increased in value, and have been held for more than one year, are one of the most popular assets to use when making a gift to KCU.
When you donate appreciated securities or mutual funds you have held more than one year, you can reduce or even eliminate federal capital gains taxes on the transfer. You are also entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
Below is information that may be helpful when transferring gifts of stock to our account to support KCU:
DTC # 0443
Broker: Country Club Financial Services
KCU TIN 44-0545280
For legal or tax advice concerning your charitable gifts, please consult your attorney or tax advisor.
Securities are most often used to support our work in the form of:
An outright gift. When you donate securities to KCU, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent.
A transfer on death (TOD) account.* By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime.
Click on the links below to see the additional ways to fund your gift:
- A gift in your will or living trust
- A donor advised fund
- A memorial gift
- An endowed gift
- A charitable gift annuity
- A charitable remainder trust
- A charitable lead trust
*State laws govern payable on death accounts. Please consult with your bank representative or investment advisor if you are considering this gift.