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Get Involved>Donate > Stock and donor advised fund gifts

Stock & donor advised fund gifts

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Stock gifts

Making a gift of stock, bonds or mutual funds gifts is a simple way to contribute to LBBC. Gifts of securities held for more than 1 year can bring special tax benefits to you as the donor.

Securities can be sent electronically to LBBC’s brokerage account:

  • Preferred Broker: Charles Schwab
  • Account Number: 5645-1565
  • DTC Clearing 0164, Code 40
  • LBBC Tax ID Number: 23-2734689

After contacting your broker or bank to authorize the transfer, please inform Mary Beth Mills, mbmills@lbbc.org, via email about the gift so we can properly credit the donation and supply you with a tax receipt for your gift. Not all financial institutions include the donor’s name with a securities transaction.

To learn more or if you have any questions, please contact Mary Beth Mills, Director, Development, at (855) 807-6386, ext. 127 or mbmills@lbbc.org.

For specific legal, tax, or investment questions, we recommend you consult your financial planner or lawyer.

Donor advised fund gifts

A donor advised fund (DAF) is a type of giving program administered by a third party that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities. DAFs allow donors to give cash, stock and other assets where the donor receives an immediate tax deduction when the contribution is made but can grant specified amounts to the charities of their choice at a later time. A DAF can easily be set up through a community foundation or your financial institution.