Gifts of Stock or securities are an excellent way to support TMBCC & Kumbum Chamste-Ling Temple. A gift of appreciated securities that you have held for more than one year is frequently the most economical way to make a gift.
A gift of stock can generate favorable tax benefits — you may avoid paying capital gains tax on the increase in value of the stock, you may qualify for an income tax deduction for the full fair-market value of the stock at the time of the gift, and your gift may qualify for an Indiana state tax credit if you are an Indiana resident. How to make a stock transfer: The most common and efficient method of giving securities is an electronic transfer. (It is critical that you transfer the securities themselves, rather than the proceeds from a sale to take advantage of the charitable tax benefits.) The preferred method of transfer is directly from your brokerage to The Tibetan Mongolian Buddhist Cultural Center.
To do a Broker Transfer: Notify your broker of your intentions and ask him/her to call TMBCC (812) 336-6807 to work out the details. Please notify the Center of your intentions.