Skip to main content

Donate Stock

Published on
17 May 2024

There are several significant benefits that can result from gifts of securities. With certain limitations, you can deduct the full fair market value of long-term appreciated securities—that is, securities you have owned for more than one year and that have increased in value. Thus, you can give away appreciated property and usually avoid the tax on the gain.
Here’s how: If your broker or bank holds your securities, call or write your broker and let them know that you want to make a gift of stock to The Land Conservancy of McHenry County (Tax ID #36-3727476). Your broker will want to know the name of the stock(s) and the number of shares you are contributing. After you have notified your broker, please call us at (815) 337-9502. We will need to know the name and telephone number of your broker, the name of the stock(s) and number of shares your are contributing. If requesting the transfer in writing, please mail a copy of the transfer request letter to the The Land Conservancy of McHenry County, PO Box 352, Woodstock, IL 60098.

Please remember that you don’t want to tell your broker to sell the stock and forward the proceeds to TLC. This will jeopardize your tax savings benefits. Stock should be transferred to The Land Conservancy of McHenry County’s account. TLC will send you an acknowledgement letter with the dollar amount of your gift based on the date the transfer is completed. Gift value is based on the average of the stock’s high and low price on the day of transfer. TLC has an account with Edward Jones. When you call, we will give you the account information so that your broker can make the transfer.

If you have any questions about the process, please contact Lisa Haderlein via email or by phone at 815-337-9502 X 103