Transfer Funds

Transfer Funds

If you have appreciated securities (stock, bonds and/or mutual funds) that you have owned for at least a year, you may consider contributing them as a gift to Boys & Girls Clubs and receive the following benefits:

Bypass capital gains taxes. By contributing securities that have appreciated in value to Boys & Girls Clubs of Southern Maine, you bypass the capital gains taxes you would otherwise owe if you sold the securities.

Take a charitable tax deduction. For federal income tax purposes, including alternate minimum tax purposes, you can deduct the value of the securities on the date of your contribution. The net value of your contribution is the average between the high-and-low-quoted selling price of the date that the securities passed from your control. Boys & Girls Clubs will acknowledge your gift in writing.

Ease of giving stock and/or securities: Many gifts can be transferred by completing a simple form. Or, contact Lauren Farina at 207/874-1069 x236 and let us take care of the rest.

Passport to Manhood group at the South Portland Clubhouse
Privacy Policy
At Boys & Girls Clubs of Southern Maine, we respect and honor the privacy of each of our donors and investors. To that end, we will never rent, sell or exchange the names of our donors. Additionally, we take every safety measure possible to protect a donor’s personal information and we respect a donor’s wishes to have a gift remain anonymous. 
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