Support Groundwork Center by donating gifts of appreciated securities. In addition to providing crucial financial support for communication and advocacy, you can save capital gains tax.
You can donate securities directly from your brokerage account or, by transferring stock certificates or stock held through your broker.
In order to retain the tax benefits for yourself, do not sell appreciated shares! If you sell the shares to contribute cash the IRS will tax you on the capital gains leaving you with a tax liability and less to give. Conversely, if the shares you are donating have decreased in value from your original cost you should consider selling the stock and donating the cash. This way you can take a capital loss deduction on your income tax and a charitable deduction for the full amount of the donation.
Stock Certificates
To contribute by transferring stock certificates, you need a stock power for each one you plan to donate. These stock powers must be signature guaranteed. Your local bank or broker can witness your signature and stamp it accordingly.
Once you have signed the powers (do not sign the back of the certificates), mail the certificates in one envelope and signed stock powers with the signature guarantee in a separate envelope. Then mail both envelopes to:
Groundwork Center
414 E. Eighth St., Suite 204
Traverse City, MI 49684-5725
231.941.6584
NOTE: We recommend use of certified mail with return receipt.
Stock Held Through Your Broker
We make it as simple as possible for you to transfer stock through your broker to the Groundwork Center. Contact Meg Delor, development director, at 231.651.1882, for the information. Our EIN is 38-2314954.
Questions? Please contact us (231) 941-6584 or cile@groundworkcenter.org.
Groundwork Center for Resilient Communities, Inc. is a 501(c)(3) nonprofit organization and our Tax ID is
38-2314954. Groundwork respects the privacy of its donors and is committed to the highest standards of integrity and ethics in all fundraising efforts. Read more about our donor privacy policy.