Donate Stocks or Mutual Funds

put your stock in eternity

Donate Appreciated Securities

The traditional giving approach is to sell publicly traded securities such as stocks, mutual funds, or bonds, and donate to charities from the proceeds. However, there is a better way. 

A gift of appreciated securities that you have owned for a year or more allows you to make and deduct a larger charitable contribution than the original purchase price of the shares. You receive a tax deduction for the share’s current fair-market value, and completely avoid capital gains tax.

Practically Speaking

By donating the security to the God Said Go Charity Fund, it can maximize your generosity and minimize taxes. Here is how the impact of this compares to the traditional approach of selling and then giving from the proceeds.

This scenario assumes a cost basis of $20,000, a fair market value of $50,000, ordinary income tax rate of 37%, and capital gains tax of 25%.

Sell Depreciated Securities

If your stock or mutual fund shares have lost value, it may be wiser to sell them and then donate the proceeds of the sale to GSG. By selling stock that has lost value, you may be able to write off the loss as well as deduct the charitable donation. This could be a great way to receive two tax deductions from the sale of your stock. You may claim a loss on the value of depreciated stock or mutual fund shares regardless of how long you have owned them. 

How to Donate Appreciated Securities to GSG Missions

The preferred way to give securities to GSG is to transfer the shares to our God Said Go Charity Fund, Account 161709, with The Signatry

1. Please download the Stock and Mutual Fund Transfer Form.

2. Fill out the information on the form and return the form to The Signatry.

Note: This form is for The Signatry’s internal tracking only. This form ensures that The Signatry can internally track your shares once they have been gifted. You must still initiate the gift through your broker.

3. Contact your broker to initiate the transfer.  Please give the below information to your broker:

Deliver all DTC/ACT eligible securities to:

Charles Schwab and Company
DTC 0164, Code 40
Account name:  The Signatry
Account number:  1133-5399

Other Securities:

if unable to deliver via DTC/ACT, please contact a member of our donor care team with The Signatry at (913) 310-0279 or donorcare@thesignatry.com

Note: The financial institution holding the security may require the use of its own form or letter of instruction. Please check with the firm to see what additional forms they require. If the funds are not transferable, please contact The Signatry at (913) 310-0279 or donorcare@thesignatry.com.

All stock donated to the above account will be liquidated and the cash from the sale proceeds will be transferred to the charity fund. If the stock donation should not be immediately liquidated (sold), contact The Signatry Donor Care for alternative transfer instructions.

DISCLAIMER: This web page is designed to provide information and illustration of the subject matters covered. It is not intended nor should it be used as legal, accounting or other professional advice. It is always a good idea to seek legal and tax advice from your professional advisor(s).

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