Stephen Matera

DONATING STOCK TO WASHINGTON’S NATIONAL PARK FUND

Giving stock as a gift to Washington’s National Park Fund offers a number of financial benefits to you, the donor.

  • You receive an immediate income-tax deduction for the fair market value of the securities on the date of transfer regardless of what you originally paid for them
  • You pay no capital gains tax on the securities you donate to Washington’s National Park Fund
  • When you donate appreciated securities, you are making a significant contribution to the protection of the park of your choice: Mount Rainier, North Cascades and Olympic National Parks

Ready to make the move? Please follow these easy steps:

  • Notify Laurie Ward, Executive Director at Washington’s National Park Fund so she can track the gift. Reach her by phone at 206-623-2063 or by email at laurie@wnpf.org
  • Ask your broker to notify Washington’s National Park Fund prior to the transfer so your gift can be handled expeditiously and properly acknowledged for tax purposes.
  • Transfer your shares by asking your broker to transfer them to Washington’s National Park Fund’s account at Vanguard through the Depository Trust Company (DTC).

STOCK DONATION INFORMATION

Account number: 6476-3967
DTC: 0062
Washington’s National Park Fund
Vanguard Brokerage Services
400 Devon Park Drive
Wayne, PA 19087
Vanguard Brokerage Services: 800-992-8327
Washington’s National Park Fund’s tax ID#: 01-0869799

VANGUARD FORMS / INFORMATION

THANK YOU for giving back to a park you love!

Washington’s National Park Fund is proud to serve as Mount Rainier, North Cascades and Olympic National Parks’ exclusive fundraising partner. 100% of the funds raised in Washington State stay in Washington State for the sole benefit of these three parks. Washington’s National Park Fund is a 501(c)(3) nonprofit organization. Contributions are tax deductible to the extent allowed by law.

GIVING STOCK VS. CASH: ADVANTAGES?

Source: Wells Fargo Wealth Advisors

Assuming an individual gives $10,000 to a charity, and her marginal tax bracket is 33%, the chart below shows the benefit of stock vs. cash.
Example 1 assumes the gift is a $10,000 check
Example 2 assumes the gift is long-term appreciated stock with a cost basis of $2,000 and a fair market value of $10,000 on the date of the transfer

Income Tax Saved

Capital Gain Tax Avoided

Example 1: $10,000 Cash

$10,000 x 33% = $3,300

N/A

Example 2: $10,000 Stock

$10,000 x 33% = $3,300

$8,000 x 15% = $1,200

If the same gift is made by an individual in a marginal 39.6% tax bracket:

Income Tax Saved

Capital Gain Tax Avoided

Example 1: $10,000 Cash

$10,000 x 39.6% = $3,960

N/A

Example 2: $10,000 Stock

$10,000 x 39.6% = $3,960

$8,000 x 20% = $1,600

These examples show that donating long-term appreciated stock rather than cash potentially provides an “extra” tax benefit to the donor.
Keep in mind: This is only a hypothetical example. Actual tax benefits will vary depending on the details of your overall income tax situation and the type of property donated.

NON-TAX REASONS FOR GIVING STOCK

Besides the tax benefit, there are more reasons for someone to give stock. These might include:

  • Reducing a concentrated equity position in a particular stock
  • “Locking in” the benefit of past appreciation (for Washington’s National Park Fund)
  • Preserving available cash for other needs