Charitable giving has never been easier, especially since you can quickly donate stocks online. In a world that has changed dramatically in just a few months, many of us feel the need to act and give back. What else can be donated other than money and time? How can I make an impact on the world without crushing my finances? If you’ve been wondering these things, we may have the answer for you. With appreciated stocks in your portfolio, this article will explain how you can donate those stocks to the charity of your choice.

Leverage Your Portfolio to Change the World

Donating securities to your favorite charities is easy. If you have appreciated stocks over a year old, you can donate them online to a recognized nonprofit organization. It’s essential to keep a clean and healthy stock portfolio, making sure long-term stocks don’t have too high capital gains. As much as we all like to earn a profit from stock investments, those significant gains can cause tax pains. Big capital gains equal higher taxes on those gains. Stock donations will help you avoid those.

If you donate stocks online to a nonprofit organization, then you will receive a tax deduction in the full amount of the fair market value. You will not owe any taxes on the capital gains. Donating your long-term appreciated stocks tunes up your portfolio for optimal return by re-balancing gains. Enhancing your portfolio in this way will allow you to diversify your portfolio with new investments.

Why Charitable Giving is Important

Everyone wants to give back to their communities and support the charitable organizations that align with their values. While it’s easy to identify which issues matter most, handing over your hard-earned cash is never a painless choice. That’s why we offer another option. Stock gifts are an excellent way to give more to the causes you care about while capitalizing on some fringe benefits as well, including:

  • The mood boost you get from making a big difference in people’s lives
  • The extra strength you give to your values
  • The education and inspiration your contribution provides to the younger generation
  • The domino effect – when you give, others are excited to give as well.

Whatever your reason for charitable giving, your contributions are immensely appreciated. We are here to connect you with those charities and give more than money or time. We will help you provide economic strength to a nonprofit organization that needs your help.

A Secure Way to Donate Stocks Online

Our process is so simple that you’ll think it’s too good to be true. You don’t have to worry about extensive, tedious paperwork, and we support all brokerage firms that can do a partial stock DTC transfer. Most brokerages offer this service, but some like Computer Share and Robinhood Financial do not. Even if they do not provide the service, you can still give back online.

Our donate stocks online form is short, secure, and straightforward. When you donate, you’ll be set up with a free account, which comes with its own set of benefits (see below). To offer a stock gift to your charity of choice, you must provide the stock symbol, number of shares, and the nonprofit organization.  Following this process, you will be asked to fill out your personal information to connect your donation to the appropriate organization.

Would you like to donate anonymously? Select the option that says “make this donation anonymous” at the end of the form. The organization will not know where the contribution came, and it just takes a quick note on the non-automated form.

The Benefits of Donating Stocks Online

Other than the tax benefit described earlier, there are many other benefits to offering a stock gift to your favorite charity. First, you aren’t limited to donating to one charity. You can donate to as many as you’d like. Second, you don’t have to worry about the paperwork with stock transfers. We keep track of all donations and can accommodate multiple charitable contributions without repeatedly filling out the same forms.  Thirdly, you don’t need to have a brokerage account to donate to charity.

You can send your stock gift to your chosen organization by filling out a short, quarter-page form for each transaction. It takes about two minutes to complete. It’s a fast, effective, and convenient way to donate stocks online. Our priority is to keep donors informed by offering status e-mail updates, receipts with the value listed, and access to powerful tools that allow you to make multiple contributions. Best of all, it’s free to use.

The Traditional Way to Donate to Charity

A DTC (depository transfer check) transfer is the classical way of donating stocks and mutual funds. You will want to send a letter of authorization to your broker. You can notify us by filling out our non-automated stock donation initiation request form and sending it back via e-mail or fax. This option is for those who would prefer not to use the online donation process but would like to go through their brokerage instead. If you use the paper form, please be sure to fax or e-mail a copy to Stock Donator so we know how and where to process your stock donation.

We represent many organizations, and we need to match the donation to the right organization when we receive the stock gift. If we do not have the form, we will not be able to complete the process of the donation because we will not know which organization should receive the shares.  We can only send the proceeds to the correct organization if we have the attached form completed when the shares are transferred to our account.

Use the Organization’s Weblink to Give a Stock Gift

Your charity of choice may already be a part of our program. Check their website for the stock donation link. You may want to reach out and let them know you are looking to donate stocks online via Stock Donator, especially if it’s your first time going through the process.

Be sure to fill out the organization’s information accurately and notify us of your donation. We work with hundreds of organizations that accept stock gifts, so we want to make sure your contribution gets to the right people.  Don’t worry! As you can see from our many online reviews, it’s not a complicated process, and we offer step-by-step assistance along the way.

Now you can get a glimpse of the donor dashboard and get a feel for the information available to you as a donor. When you’re ready, you can get started by creating a free account.

 

Sources:
Money Crashers: Top 10 Benefits of Charitable Giving
Fidelity Charitable: Donating Stock to Charity
Charities Aid Foundation: Why Giving is Important