Federal EIN 94-1156347

Stock Gifts

Why Donate Stock Instead of Cash?

Contributing stock to a nonprofit can often be a more strategic and tax-efficient way to give than donating cash.

Here’s what you can donate:
-Publicly traded stocks
-Privately held stocks (note: these require independent appraisals)
-Shares of mutual funds and ETFs

Steps to Donate Stock to Charity

Gather the Necessary Details
-To initiate a donation, collect key information about the stock, including:
-The name of the stock
-Its ticker symbol (for publicly traded stocks)
-The number of shares to donate
-The transfer date

Obtain Nonprofit Account Information
-Contact your chosen charity to get their account details, including:
-Charity name and EIN (Employer Identification Number)
-Brokerage firm name and account number
-DTC (Depository Trust Company) number

Complete and Submit Stock Transfer Forms
Your brokerage will handle the transfer. Forms are often available online, or you may need to submit physical copies. Ensure all information from steps 1 and 2 is included. Submit the forms via mail, fax, or through your brokerage’s online portal.

Notify the Charity and Confirm the Donation
Let the nonprofit know to expect your stock transfer. Follow up to confirm receipt, as brokerages sometimes report donations anonymously. Once processed, the charity should provide a receipt with details about the donation for tax purposes.

Report the Donation on Your Taxes
Include your stock donation on IRS Form 8283 when filing your taxes for the year. This ensures your contribution qualifies for a tax deduction.

Broker Instructions
The Salvation Army Intermountain Division Western Territory
For the DTC Transfer of Publicly Traded Securities

DTC ID #0221
UBS FInancial Services, Inc.
888 san Clemente Drive, Suite 400
Newport Beach, CA 92660

FBO: The Salvation Army, Intermountain Division
Account #: UJ56864

Salvation Army Contact
Fundraiser: _________
Telephone: _________
Fax: _________
Email: _________

Why Stock Donations Are Advantageous

Donating appreciated stock has dual tax benefits:
-Avoid Capital Gains Tax: Neither you nor the nonprofit pays taxes on the appreciation, maximizing the donation’s value.
-Tax Deduction: You can deduct the full fair market value of the donated shares on your income taxes.

For example, if you donate stock valued at $27,400 instead of selling it and incurring $7,400 in capital gains tax, the nonprofit receives the full $27,400, and you claim the entire amount as a deduction.
Rebalance your portfolio, avoid taxes, and support causes you care about in a cost-effective way.
By choosing to donate stock, you maximize the impact of your contribution and simplify your giving experience.

Learn more on our National webpage here.

Use your DAF funds.