Elk NetworkSmart Ideas for Year-End Giving – Stocks/Securities Donation

Conservation | September 27, 2022

This holiday season, take a moment and consider the gifts you would like to give. You can give a gift that goes a long way toward ensuring the future of elk and elk country.

Want to help RMEF further its mission and avoid taxes at the same time? Then giving the gift of stocks/securities may be just the win-win you’re looking for. If you do so, three things will happen:

  • You will receive recognition for the fair market value of the stock on the date RMEF receives ownership.
  • You will receive an immediate income tax deduction.
  • You will avoid tax on the gain.

For example, if you transfer stock valued at $10,000 and your basis is only $1,000, your gift will be recognized for $10,000 but you will avoid paying capital gains on $9,000.

If you held stock for a long time but it decreased in value, you may benefit more from selling the stock and then giving cash to RMEF.

Many folks choose to support RMEF through a gift of stock, and the process is quite simple. If interested, contact RMEF ([email protected] or 406-523-3456) and we will provide you or your broker the DTC and account numbers for your transfer. Brokers may not share their client’s information and this allows us to track and recognize your donation.

While these are suggestions or possibilities, it is important to note RMEF does not offer tax advice. And as always, RMEF recommends discussing options with your financial advisors before taking any action.

Turn your values into your legacy. Include RMEF as a beneficiary of your will, life insurance policy, retirement accounts, trust or annuity and be recognized in our esteemed Trails Society. Ensure generations will enjoy the wildlife and wild places that you treasure.