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Securities and Mutual Funds

Current tax laws make it possible for you to make a gift of appreciated securities to the Surfrider Foundation at remarkably low after-tax cost. When you give appreciated property, you not only receive a deduction for the full value of the asset, but you also avoid the capital gains tax that would have been due if you had sold the property. The treatment of capital gains varies from state to state so be sure to consult your tax advisor regarding capital gains in your state.

It is important to remember that in order to maximize the tax benefit available to you the shares you wish to donate MUST be transferred to the Surfrider Foundation first, before they are sold. The value of your contribution is determined by the date on which the gift of shares is complete - typically the date of transfer – or whenever the shares are under the control of the Surfrider Foundation. The value of the gift is calculated by averaging the high and low sales price per share on the date the transfer is completed and multiplying it by the number of shares transferred.

You can also contribute shares of a mutual fund. This typically takes a bit more time than a transfer of shares of stock but it is still an excellent way to make a gift of appreciated securities to the Surfrider Foundation. Generally, to donate shares of a mutual fund, you will be required to establish an account in the name of the Surfrider Foundation at the mutual fund company and then transfer the shares to this new account. As with stocks, the value of the contribution is determined by the date on which the shares come under the control of the Surfrider Foundation.

The Surfrider Foundation will also consider gifts of bonds, restricted stocks, closely held stocks and/or S Corporation stocks. However all of these will be evaluated on a case by case basis.

For more information on donating securities and mutual funds, please contact Surfrider Foundation’s Director of Development at 800-743-SURF x. 416 or info@surfrider.org

We welcome the opportunity to show you the potential benefits of making a gift to support our work. Personal discussions, visits, or written presentations incur no obligation on your part, and of course, all information discussed is confidential. Contact us today. This website illustrates various ways of making a gift to the Surfrider Foundation. While we believe it to be accurate the information is not a substitute for legal advice from your tax advisor and/or your estate planning advisor.