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Gifts of Stock

Make a larger impact by gifting stock and donating long-term appreciated securities, including stock, bonds and mutual funds, directly to CRF. Compared with donating cash, or selling your appreciated securities and contributing the after-tax proceeds, you may potentially increase your gift and tax donation.

To donate appreciated stock, contact CRF for their brokerage information. Next, instruct your broker to transfer the shares to the charity’s account and keep detailed records, including a receipt. You can then claim a tax deduction for the fair market value of the stock on your tax return. Alternatively, a donor-advised fund (DAF) can be used to receive the stock, providing an immediate tax deduction and allowing you to decide on the charity recipients later.

1.

Prepare for the donation

  • Choose the right stock: Select stocks you’ve held for over a year that have appreciated in value to maximize your tax deduction. You can only deduct the original purchase price for stocks held less than a year.
  • Verify the charity: Ensure the charity is a qualified 501(c)(3) organization and is equipped to accept stock donations.
  • Notify the charity: Contact the charity to let them know about your intention to donate stock and ask for their brokerage account details.

2.

Initiate the transfer

  • Contact your broker: Instruct your broker to transfer the shares to the charity’s brokerage account.
  • Provide details: Give your broker the charity’s name, account number, and DTC (Depository Trust Company) number for electronic transfers.
  • Submit forms: Complete any necessary transfer forms provided by your broker.

3.

Finalize and claim your deduction

  • Document the donation: Keep a record of the transfer, including the date, number of shares, and the fair market value on the date of the transfer.
  • Obtain a receipt: Request a receipt or acknowledgement letter from the charity that includes the date, value, and description of the stock.
  • Claim the deduction: Report the donation on your tax return, claiming a charitable deduction for the stock’s fair market value on the day of the transfer.