Here are some of the most common questions about donating appreciated stock or securities to Continental Ballet Company:
1. What are the benefits of donating stock?
- We are not financial advisors but in general the benefits are:
- Avoid paying capital gains tax on appreciated securities
- Receive a charitable tax deduction for the full fair market value
- Greater impact by making a pre-tax gift
2. What are the guidelines around charitable stock gifting?
- You can donate publicly traded stocks, mutual funds, and ETFs
- You must have owned the stock for more than one year
- Stock may not be restricted
- Must be traded on a major exchange
- Deduction is limited to 30% of your adjusted gross income (AGI)
- Remember, it’s always advisable to consult with a tax professional for specific advice regarding your individual
situation.
- Remember, it’s always advisable to consult with a tax professional for specific advice regarding your individual
3. How does the stock gifting process work?
- Shares are transferred from the donor’s brokerage account to our account as a DTC Stock Transfer
- There’s no paperwork, calls or email required. Everything is done online in the DonateStock app.
- Like “PayPal for stock gifting” it just takes a few minutes to submit the information needed to initiate the gift
- It then takes 2-5 business days for the stock to be transferred between accounts
- You’ll be notified when the stock arrives and an acknowledgement letter will follow shortly thereafter
4. How do I get started?
- Visit our stock gifting page
- Simply click “Donate Stock” and follow instructions as a donor
- Allow 2-5 business days for the stock to be received
5. What if I prefer to have my advisor do it for me?
- No problem, just direct your advisor to our stock gifting page
- Simply click “Donate Stock” and follow instructions as an Advisor.
- They can quickly obtain the information they need to initiate the gift on your behalf while providing us with
the transparency we need to monitor and acknowledge the gift.
6. Is it safe?
- Yes! DonateStock was designed with security and privacy in mind and is hosted on one of the world’s most
platforms. DonateStock has passed numerous security and compliance assessments from some of the
country’s largest and most sophisticated organizations.
7. How much does it cost?
- There’s no cost to you or your advisor.