Donating Stock
Donating stock can be better than giving cash!
Appreciated securities are perhaps the most cost-effective assets to use in making a gift. When you transfer ownership of long-term holdings to CAF you receive a charitable deduction for their full market value — and you incur no capital gains tax which you would have had to pay if you sold the stock then gave the cash proceeds to charity (subject to IRS deduction limits).
CAF benefits by directly receiving your stock donation, which is then sold for zero tax consequences due to our non-profit tax status. It’s a win-win!
According to IRS regulations, the date of your gift corresponds to the date it arrives in our possession (for transfers from brokerage account to brokerage account).
To transfer securities as a donation to CAF…
Contact the firm where your securities are held and request a transfer of securities. You will need to provide them with the following information:
Account Name: Carlmont Academic Foundation
Tax ID Number: 26-0325796
Account Number: 67925482
Broker DTC Number: 0385
Broker: E*TRADE Financial Corporation
Security name and # of shares you wish to donate
Because electronic transfers are made without identifying the donor, please contact us by email at stockdonations@carlmontacademicfoundation.org to alert us in advance about the stock and number of shares you plan to give. According to IRS regulations, the date of your gift corresponds to the date it arrives in our possession (for transfers from brokerage account to brokerage account).