Stock Gift Information
Donating appreciated stocks is one of the easiest ways to give more to the causes you care about. It’s also one of the most tax-smarts ways to give.
By gifting stocks and bonds, your clients can:
- Avoid capital gains tax on the sale of the appreciated stock
- Receive a charitable income deduction
- Use the proceeds to support a charitable fund at their local community foundation
To be eligible for a charitable deduction for a tax year, donations of stock must be received by our organization by the end of the year. Because different asset take different amounts of time to transfer, we encourage potential donors to initiate this transaction as early as possible and complete the form below.
Transferring Stock Gifts
Effective October 1, 2021
Depending upon the type of security and the clearinghouse, DTC or ACATS transfer types can be used. Please provide this information to your financial institution and they will handle the mode of delivery.
If marketable securities such as common stocks, preferred stocks, ETFs or corporate / treasury bonds are in the custody of your financial institution and you wish to transfer them to CommunityGiving, this can be done via Depository Trust Company (DTC). Typically, securities submitted to DTC for transfer are delivered within 7 business days. To transfer such securities to CommunityGiving, provide the following information to your financial institution:
For all DTC-Eligible Securities:
Charles Schwab and Company, Inc.
DTC Clearing 0164, Code 40
For Deposit To: CommunityGiving Gift Account
Account #5197-4965
ACATS (Automated Customer Account Transfer Service) is done by the National Securities Clearing Corporation. Typically, securities submitted to ACATS for transfer are delivered within 7-10 business days. If marketable shares of mutual funds are in the custody of your financial institution, provide the following instructions:
For all ACATS-Eligible Securities:
Charles Schwab and Company, Inc.
Attn: Mutual Funds
101 Montgomery Street
San Francisco, CA 94104
For Deposit To: CommunityGiving Gift Account
Account #5197-4965
Stock Information Form
Complete the following form if you will be making a stock gift transfer to the community foundation. By completing this form, you are helping our staff ensure that you are given recognition and credit for your gift in a prompt and timely manner.
Following completion of this form, remember to contact your investment advisor to facilitate the transfer of stock. If you have any questions or for wire transfer banking instructions, email ewiener@communitygiving.org.