GIFTS OF STOCK AND SECURITIES
Alaska Farmland Trust accepts stock and mutual fund transfers.
Giving stock held more than 12 months offers a two-fold tax savings. First, you avoid paying capital-gains tax on the increase in value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent vehicle for stock that has appreciated substantially in value.
Donating appreciated shares of stock to Alaska Farmland Trust may offer better tax savings than giving a cash gift. Donations of stock can also be used to establish a planned gift.
Transferring stock is simple. You should always consult your financial advisor before making gifts of stock. If the securities are held by a broker or banker, you can have the securities transferred directly to the Alaska Farmland Trust account at Edward Jones.
The Alaska Farmland Trust taxpayer identification number is: : 20-2860877.
For assistance, please contact:
Amy O’Connor
Executive Director
(907) 390-9084
amyoconnor@akfarmland.com
This website is intended to be an educational guide only and should not be seen as legal, accounting or any other professional advice. Please consult with the professionals in the instance that you would like to make a bequest to the Alaska Farmland Trust.
The Alaska Farmland Trust envisions a future with thriving local food markets that will give Alaskans access to fresh, healthy food, and keep our farmers farming.
907-707-4083