Stock Donations
Transferring appreciated stocks and securities to Sprout City Farms is a great way to make a charitable gift, and you can benefit in two ways. When you donate publicly traded stocks to Sprout City Farms that have been held long-term (owned for more than one year), you may avoid capital gains taxes. Plus, you may take the full fair market value of the gift (on the date it is transferred rather than the amount you originally paid for it) as a charitable deduction on your income taxes.
The easiest way to make this kind of gift to Sprout City Farms is to have your broker electronically transfer the stock from your account to ours:
Account with:
Broker:
Phone #:
Account Name:
Account #:
DTC#:
EIN: 35-2415295
Once you have made a gift of stock, please notify Sprout City Farms at development@sproutcityfarms.org. Please be sure to provide your name and address. This is necessary because electronic transfers of stock are not made in the name of the owner (you) but in the name of the financial firm. Sprout City Farms is only able to provide you with a receipt of your gift if you notify us.
Depreciated Stocks & Securities
You also have the option of using depreciated stocks and bonds to make a charitable gift to benefit Sprout City Farms. If you sell stocks or bonds and donate the proceeds to Sprout City Farms, you may be able to take a charitable deduction for the full value of the gift and take the capital loss on the asset.
Please consult your attorney, broker, or financial advisor to determine the tax deductions that apply in your case. Sprout City Farms does not offer tax advice.