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Investing in a Healthy Maine

By August 27, 2018Blog
Invest in Healthy Maine

Have you ever considered donating stock to a nonprofit like Spurwink? A gift of appreciated securities (stocks) can offer advantages not only to the donor, but to the community as a whole.

You can:

  • Save on Taxes: For securities held longer than one year, you can deduct their full fair market value, regardless of what you originally paid for them.
  • Avoid capital gains: Capital gains taxes do not apply to the transfer of stock.
  • Make a difference: You can invest in Spurwink’s programs, making Maine a healthier place to live and work.

The process is simple:

  • Tell your bank or broker the stock name and number of shares to be transferred from your account to Spurwink at:
    KeyBanc Capital Markets Inc.
    DTC (Depository Trust Company) #0443
    Account # RF4403042
    Reference: Your name
  • Contact Kristen Farnham, Vice President of Development at Spurwink, or 207-871-1211, so that we can provide you with a proper gift acknowledgment.