STOCK GIFT

Some members choose to support the Sierra Business Council by donating gifts of appreciated securities. In addition to providing crucial financial support for communication and advocacy, you can save capital gains tax.

In order to retain the tax benefits for yourself, do not sell appreciated shares! If you sell the shares to contribute cash the IRS will tax you on the capital gains. Conversely, if the shares you are donating have decreased in value from your original cost you should consider selling the stock and donating the cash. This way you can take a capital loss deduction on your income tax and a charitable deduction for the full amount of the donation.

You can donate securities by transferring:

• Stock certificates
• Stock held through your broker
• Stock Certificates Top

Please ask your broker to contact Sierra Business Council at 530.582.4800 to complete this process and before transferring any securities. This will ensure that our broker is aware of your gift and is actively looking for it.