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Open a Stockdonator account
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Place a stockdonator button on your website!
Accept stock donations in 2 steps using Stockdonator.com
Or follow these steps to accept stocks without using Stockdonator...
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Research brokerage firms and open a brokerage account. Will involve making visits to the branch to sign papers, and minutes of the organization authorizing an new account. Account fees might apply to inactive accounts.
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Send the brokerage account information to the donor.
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Prepare and send the donor the correct stock transfer form.
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From the date the form is sent to the donor, to the date the stock is received by the non-profit, the organization will have to continuously check their brokerage account for the stock to appear.
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The non-profit will then have to prepare a receipt and figure out what the correct cost basis of the stock is.
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The non-profit will then sell the stock and transfer the cash from the brokerage firm to their bank account.
