You are here :: Support :: More Ways to Support Leave No Trace :: Stock and Bequests
Donating appreciated stock to the Leave No Trace Center for Outdoor Ethics benefits both you and Leave No Trace. You receive two tax-related benefits. First, the appreciated value of the donated stock is not subject to capital gains taxes. Second, the donor can deduct the fair market value of the stock as a charitable contribution (subject to IRS rules). The Leave No Trace Center for Outdoor Ethics will sell the stock and put the money quickly to work to help mountain biking. (As a non-profit organization, we're also exempt from capital gains taxes.) The net result: you can make a larger gift to the Leave No Trace Center for Outdoor Ethics because of the tax savings.
The treatment of capital gains varies from state to state. Be sure to consult your tax advisor regarding capital gains in your state. It is also 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 Leave No Trace Center for Outdoor Ethics before they are sold. The value of your contribution is determined by the date on which the gift of shares is complete (typically within 1-3 days of donation). The value of the gift is determined 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.
If you are interested in making a stock gift, please contact Susy Alkaitis (800.332.4100 x108) or Sara Close (800.332.4100 x105).
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Probably the most well-known estate-planning tool is the last will and testament. Whether standing alone or as part of a multifaceted estate plan, a will is a convenient and often simple and straightforward way to distribute assets to those you love. It is also a powerful way to help the Leave No Trace Center for Outdoor Ethics.
Because bequests to the Center are generally exempt from federal or state inheritance taxes, and subject to an unlimited deduction, you may find that a commitment through your will, combined with an outright pledge or membership gift, results in a much larger donation than you might have thought.
You can structure your will to make the Center the beneficiary of a specific dollar amount or property, of a percentage of your estate, or of your residuary estate, which is what remains after all specific bequests and expenses have been accounted for.
To name the Leave No Trace Center for Outdoor Ethics in your will, all you generally need is the following information:
In addition, the following language can generally be used to make a bequest to the Leave No Trace Center for Outdoor Ethics:
“I give, devise, and bequeath to Leave No Trace, Inc., federal tax identification number 84-1303335, with the current address of P.O. Box 997, Boulder, CO 80306, the sum of $_________ (or describe the real or personal property or percentage of your estate) to be used to support the charitable purposes of the organization.”
