Donating stock or mutual funds is a tax-efficient way to make a lasting contribution to the Sierra. These gifts can help ensure the survival of wild salmon in the Sierra’s rivers and protect the vistas of Lake Tahoe, while also providing you with considerable tax benefits.


There are significant benefits to making an outright gift of appreciated securities held long-term (one year and one day):

  • Income Tax Savings:
    By giving appreciated securities, you can take an income tax charitable deduction equal to the full fair market value of the security on the date it was given. Your deduction is available for the year you made the gift. As an added benefit, if you cannot take the entire deduction in the first year, there is a five-year carry-over for any excess.
  • Capital Gain Tax Savings:
    By donating appreciated securities, you can avoid capital gain taxes, which you would have incurred if you had sold the security. As a result, the full value of your shares will be used for conservation.
  • Additional Tax Savings:
    If you choose to fund a life-income gift with securities, you could receive additional tax saving. You may also be able to reduce state income tax if applicable in your state.

How It Works

If you purchased $5,000 worth of ABC Stock, and it is now worth $10,000, you can make a $10,000 gift to The Sierra Fund and realize the tax savings. You may take a $10,000 charitable donation deduction on your federal income taxes, saving $2,800 in federal income tax, and avoiding a capital gain tax of $1,000.

Life-Income from Securities

Your gift of securities can help fund a life-income gift such as a gift annuity or trust. As a result, you and/or a designated beneficiary may receive income for life as well as the additional tax benefits that a gift of securities provides. Typically, there are no capital gain taxes on the transfer of long-term appreciated securities, which is another reason why it is wise to use securities as a funding choice. See the section on Life-Income Gifts for more information.

Making Your Gift

Securities Held By You

Mail or hand-deliver the certificate to:

The Sierra Fund
103 Providence Mine Road, Suite 101
Nevada City, CA 95959

In a separate envelope, mail or deliver to the address above a signed, blank stock or bond power for each security being sent. You may obtain blank powers from The Sierra Fund, your broker or your bank. Sign the power exactly as your name appears on the certificate or bond.

Please enclose a letter stating the purpose of your gift.

NOTE: If you are delivering stock by mail, we recommend that the stock certificate be sent by certified mail with return receipt.

Securities Held By Your BrokerYour gift can be electronically transferred to The Sierra Fund’s account at the Bank of America. When transferring stocks to this account, complete the Electronic Funds Transfer Form and mail or fax to The Sierra Fund at (530) 265-8176.

Another option is to inform your broker that you would like to donate securities to The Sierra Fund. Your broker/banker should contact The Sierra Fund to provide the details of the gift by calling (530) 265-8454, or by writing to:

The Sierra Fund
103 Providence Mine Road, Suite 101
Nevada City, CA 95959

Please visit our chart of gift types to see an overview of the benefits for this and other planned gifts.For more information on gifts of securities, please make an online request, e-mail or call (530) 265-8454.