stocks, bonds & mutual funds

If you have owned appreciated stocks or mutual funds for more than a year, there can be several benefits.

  • Avoid paying capital gains tax on the sale of appreciated stock
  • Receive a charitable income tax deduction
  • Help exponentially advance the work and mission of Lift Up immediately

How to make a gift

Gifts of appreciated securities are a smart and simple way to maximize the effectiveness of your charitable giving. If stocks or mutual funds* you’ve held for more than a year have increased in value, you may want to consider using these assets – rather than cash – to fund your giving. By transferring ownership of your long-term stock to Lift Up you make a gift to support the organization, avoid the capital gains tax you would pay if the stock were sold, and you may claim a charitable income tax deduction for the current fair market value of the asset.

*Does not apply to tax-exempt retirement plans (e.g., IRAs, 401(k)s, etc.)

Transfer instructions

Mutual Fund Transfers: These transfers can be complicated. Please call Lift Up’s finance department at (612) 425-6815 to find out how to transfer mutual funds.
Stock Transfers: Reach out to matt@liftup.com
DTC Transfer: If you have your shares of stock in a brokerage account, this is a convenient way to transfer your securities. Simply instruct your broker to electronically transfer your securities out of your account into Lift Up’s Charles Schwab account.
Charles Schwab
FBO: Lift Up
DTC #: 0164
Account #: 5580-7411
By Direct Registration Shares (DRS): Contact the transfer agent for your specific security to obtain the form required to transfer shares to Lift Up.

Have questions?

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