You can also donate stock directly to the Oakland Literacy Council. Your broker can assist you in making a gift of appreciated stock or mutual fund via a direct transfer to the Oakland Literacy Council. You can benefit you in two ways: you receive a charitable income tax deduction for the full fair market value of the securities, and at the same time you may avoid capital gains taxes on appreciated stock and the Oakland Literacy Council benefits by receiving the full value of the security.
In order to transfer securities, give your broker the following information:
Please transfer stocks to:
Brokerage: LPL Financial
Account #: 5373-9743
Name: Oakland Literacy Council
Tax ID: 38-2839173
Oakland Literacy’s Policy is to immediately sell all stock gifts and deposit the proceeds from the sale into the Council’s bank account immediately.
In order to ensure proper donation credit, please notify the Oakland Literacy Council at email@example.com that a stock transfer has been made.