A gift of appreciated securities may be a beneficial way for you to make a gift to Lyndon Institute. You are entitled to a charitable deduction of the full current market value if you have owned the stock for more than one year. If you bought or received as a gift stock that was valued at $10 per share which is now worth $100 per share, you may donate it and avoid paying any capital gains tax on the appreciation. This can be a wonderful way to help LI while you help yourself!
Simply give your gift instructions by telephone to your banker or broker, then follow up with a confirming letter to that person, with a copy to Lyndon Institute (see address at the bottom of this page) that includes the banker's or broker's telephone number.
A sample instruction might read:
Per our recent telephone conversation, I wish to make an irrevocable gift to the Lyndon Institute Independence Fund of (100) shares of (XYZ) Corporation. Please transfer the stock to LI via DTC as follows:
DTC Dealer #0715
Davenport & Company LLC
For further credit: Lyndon Institute Gift a/c # 5725-3584
Please send a copy of this correspondence to the Development Office at:
Melissa Hall, Director Of Development
Lyndon Institute, PO Box 127
Lyndon Center, VT 05850
Or via fax to 802-535-3767
If you or your banker or broker has any questions about stock gifts, please contact Melissa Hall at 802-535-3773 or by emailing via this link.