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Downtown Lexington Corporation Foundation Donation Information

 Want to help your community be an even more unique and vibrant place? 

The Downtown Lexington Corporation relies on the donations from people like you to sustain many of the programs that make our city strong.  Beautification, cleanliness and homelessness are just a few of the concerns that DLC works to improve through your generous donations.  For questions, please call the Downtown Lexington Corporation at (859) 231-7335 or email Renee Jackson at renee@downtownlex.com.  

Please mail your tax deductible donations to:

Downtown Lexington Corporation Foundation

PO Box 1179

Lexington, KY.  40588-1179

For donations using Paypal, go to main DLC Foundation page.

Donate stock that's appreciated in value. This is a win-win move. Donate stock and you won't have to pay capital gains taxes on the profits, and the full value of the stock can be deducted as a charitable donation.

A stock portfolio is often among the most valuable assets you own, and one that carries substantial capital gain—appreciation in value. The downside to assets that have increased in value over the years is that the federal government is prepared to levy taxes of up to 15 percent on your long-term capital gains. With careful planning, you can reduce or even avoid federal capital gains tax.

Many individuals still enjoy significant gains in their stock and other investment portfolios. If you own stocks, bonds or mutual funds that have appreciated in value, you have a unique opportunity to realize extra tax savings by making an outright gift.  Plus, you may take the full fair market value of the stock gift as a charitable deduction on your income taxes. If the stock is publicly traded there is no appraisal required.  The maximum deduction you may take within a given tax year is 30 percent of your adjusted gross income. If you are unable to take the entire deduction in one year, you may carry the excess deduction forward for five additional years. We can show you how charitable giving may be one of your best defenses against capital gains taxes. 

First, you would earn a federal income tax deduction for the full fair market value of the securities as long as you have owned them for longer than one year. Second, you would avoid all of the capital gains tax that would be due on the sale of the securities.  

Here's an example:
John wants to make a sizable gift to help the Downtown Lexington Corporation Foundation. He owns $20,000 worth of stock that he purchased 10 years ago for $10,000. If John sold the stock, he would realize a capital gain of $10,000. Listed below are two ways of making his gift.  

By donating the stock directly to the Downtown Lexington Corporation Foundation, John would completely avoid all capital gains tax on the contributed stock and would realize larger net tax savings. 

Your personal financial situation is unique. You should discuss your income, estate and charitable gifting plans with your family and your financial, tax and legal advisers before making any charitable gift.

For specific directions on donating to the Downtown Lexington Corporation Foundation please contact Renee Jackson at 859-231-7335. 

THANK YOU!

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