A gift of stock may provide significant benefits to Brooke USA and to you as a contributor.

Some of these benefits include:

  • Entitling you to a charitable income tax deduction for the fair market value of the gifted securities as of the date of gift.
  • Eliminating capital gains tax that would ordinarily become due if you had sold the appreciated securities on the open market and donated the proceeds from the sale to charity.
  • Claiming your charitable deduction on your adjusted gross income. Any unused deductions can be carried forward over the next five years.
  • Providing a way to help you to achieve your long-term financial objective of reducing your income and estate taxes.

If you would like to make a gift of stock to Brooke USA, we are happy to provide stock transfer instructions to you.  It is a simple, straightforward process. 

 

You can call or write to your broker, and ask your broker to initiate a "broker to broker" transfer.  Then, you need instruct your broker to donate the stock directly to Brooke USA.


 

Brooke USA will provide you with the name of our brokerage firm, the brokerage firm’s DTC number, the account name and number, and the telephone number and name of our broker contact at the firm. Please contact Bobby Sutton at Bobby.Sutton@BrookeUSA.org, or call him at 859-296-0037.


 

Your broker can then transfer the securities directly to the Brooke USA’s account. It is important that the securities be transferred to Brooke USA’s account prior to being sold in order to avoid capital gains taxation.

You should always consult with your financial advisor before initiating a charitable gift arrangement.


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