Donation of Stock to the Avera McKennan Foundation

Giving appreciated assets is an easy way to support the Avera McKennan Foundation and may offer a number of financial benefits. Speak to your tax advisor to see which of these benefits apply to you:

• A federal income tax charitable deduction
• A deduction for the securities' full fair market value
• Elimination of capital gains tax
• If you hold securities that have declined in value, consider selling them and then donating the cash proceeds to the Foundation. In this way, you establish a tax loss and claim an income tax charitable deduction for the cash gift.

If you are considering a donation of stock, please contact us so that we may provide you with any additional information you may need before contacting your brokerage or tax advisor.

Stock Transfer Instructions

To transfer stock directly from your brokerage account to the Avera McKennan Foundation, notify your broker, in writing, of your intentions. It is critical when making a gift of stock that you contact the Avera McKennan Foundation in advance, so that the gift will be properly credited when received. To advise of an anticipated stock gift please contact Robin Prunty, Planned Giving Officer.