Great Land Trust welcomes stock and mutual fund transfers.
Giving stock held more than 12 months offers a two-fold tax savings. First, you avoid paying capital-gains tax on the increase in value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent vehicle for stock that has appreciated substantially in value.
Donating appreciated shares of stock to Great Land Trust may offer better tax savings than giving a cash gift. Donations of stock can also be used to establish a planned gift and join our Legacy Circle.
Transferring stock is simple. You should always consult your financial advisor before making gifts of stock. If the securities are held by a broker or banker, you can have the securities transferred directly to the Great Land Trust account listed below.
Account Name: GREAT LAND TRUST, INC.
Investment firm: Charles schwab
Then call Ellen Kazary (907) 278-4992 to alert GLT that a gift of stock is being made.
The Great Land Trust taxpayer identification number is: 92-0155014
If you need assistance, please call:
Great Land Trust
P.O. Box 101272
Anchorage, Alaska 99510