Asset-Based Giving

Gifts of Appreciated Stock

You can donate stock to the Burlingame Library Foundation, get a deduction equal to the fair market value of the stock at the time of the transfer (its increased value), and avoid paying capital gains taxes on the appreciated value of the stock. And as a 501(c)3 non-profit organization, the Foundation is also exempt from paying that capital gains tax.

Here is the following information to help:

• Receiving Institution Account Number: 1969-6867

• Account Title / Registration: Burlingame Library Foundation

• Contact Name at Charitable Organization: Sarah Simson

• Contact Email: info@burlingamelibraryfoundation.org

• Mailing Address: 480 Primrose Rd, Burlingame, CA 94010

• Name of Receiving Institution/Broker: Charles Schwab & Co.

• DTC Number: 0164

• Printable form to request a charitable transfer available here.

DONATION FROM AN IRA

If you are 70-1/2 or older, you can donate funds from an individual retirement account (IRA) to the Burlingame Library Foundation in what is called a Qualified Charitable Distribution. And if you've reached the age where you need to take required minimum distributions (RMDs) from your traditional IRAs, these donations will count toward your RMDs and you can avoid paying taxes on the money by donating it to the Foundation.