Stock Giving

Many people prefer to give appreciated securities directly to The Life Raft Group rather than sell them and donate the proceeds, as this allows for certain tax benefits and can help diversify your assets. If you own securities that have lost value, you can sell the stock, take the capital loss deduction, and make a gift to The Life Raft Group.

Whether your stocks are held by you or are kept with a bank/broker, it is important that you notify The Life Raft Group in advance of making a gift of securities. This will help to ensure that proper crediting and timely acknowledgement takes place.

If the Stock Certificate is/are held by a bank or broker: Please share these instructions with your bank/broker to initiate the transfer.

If you hold the stock certificate (s) yourself: Mail it/them (unsigned) and a completed Stock Power Form in a separate envelope, but on the same day to:

The Life Raft Group
155 US Highway 46, Suite 202
Wayne, NJ 07470

We recommend that you send the stock certificate(s) by certified mail. Please also include a note indicating where to direct the gift.

Note: If the stock is registered in more than one name, each person must sign the stock power form. Stock power forms are available at most banks. You must use a separate stock power form for each individual stock.

Closely Held Stock

Do not believe the conventional wisdom: you can make a charitable gift of closely held shares of stock in your own company and receive the same tax benefits as if those shares had been publicly traded. You must secure a qualified appraisal of stock to receive this deduction. You can sell the shares back to the company, either for a lump sum or a promissory note, on the condition that there has been no prearrangement with the company.