U.S. Brokerage Account for LCUUF, Inc.

Lake Chapala Unitarian Universalist Fund, Inc. (LCUUF, Inc.), a U.S. 501(c)(3) charitable organization, has a brokerage account with Charles Schwab. This means that you can donate appreciated stocks directly to LCUUF, Inc. with significant tax advantages.

For U.S. taxpayers, if you have stocks that have appreciated in value, you pay capital gains tax on the gain when they are sold. However, if you donate the appreciated shares directly to a 501(c)(3) organization, the benefits are:

1. The donor receives a U.S. tax deduction for the full market value of the stocks on the date of transfer.
2. The donor does not pay any capital gains tax on the transfer of stocks.
3. The charitable organization does not pay any tax upon receipt or sale of the stocks.

We would like to encourage members and friends of LCUUF to consider donations of stocks to LCUUF Inc.’s brokerage account. You should discuss this with your own financial or tax adviser before proceeding.

Questions may be directed to Lorna Dean, Secretary of LCUUF, Inc. at [email protected] or to Al Castleman, Treasurer of LCUUF, A.C. at [email protected]