If you have held a stock for more than one year and that stock has increased in value, there are great advantages to donating that stick to The DuPage Community Foundation.
- You receive a charitable tax deduction equal to the current value of the stock.
- You avoid paying capital gains tax on the stock's gain in value.
- DuPage County benefits from your generous gift.
- You are recognized as one who is leaving a legacy for the future.
There are two simple ways to make a stock gift to The DuPage Community Foundation:
- If the stock is held in a bank or brokerage account, you should instruct your broker or bank to contact The DuPage Community Foundation. The Foundation will instruct your broker or banker to either sell the stock on behalf of the Foundation or transfer the stock to the Foundation's trust account at your custodian bank.
- If you hold the stock certificates, you can bring them to the Foundation or mail the unsigned stock certificates directly to the Foundation. In a separate envelope to the Foundation, you should mail a signed stock power.
If you wish to make a stock gift, please contact Dave McGowan, president, at (630) 665-5556.