There are couple of charities to whom I donate 1% of my income every year. Now that I have some appreciated stocks in my taxable portfolio, I could donate appreciated stock instead of cash. My question is about the mechanics. Do I ask my broker -- Fidelity -- to provide me with a certificate for x shares, which I can then mail to the charity. I assume there will be a fee for that.Or do the big brokers all have a standard way to transfer shares from one person to another account, with all the big charities having an arrangement with every major broker?If anyone has experience doing this, I would appreciate your views on the easiest and cheapest way to make the donation.The easiest thing to do is contact the charity first. Ideally, if they have a brokerage account they will give you the account number and DTN of the brokerage (that's the broker's equivalent of the ABA number on the bottom of your checks). You can then notify your broker to transfer x share of ABC to the charity's account at [broker] [DTN] [account number].The value of your contribution is the average of the high and low price on the date the stock leaves your account. You will have to record this as the charity won't. The charity will acknowledge receipt of the stock. You should attach a copy of any documentation you get from your broker (or the monthly statement showing the transfer) to the acknowledgement receipt in case the IRS ever questions it.Ira
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