Make a Stock Transfer
Steps to Take for Making a Gift of Stock
Giving stock is as easy as 1, 2, 3
When a donor decides to give a gift of stock to The Kempe Foundation, the donor follows these three easy steps:
- Donor notifies the charity and notifies their broker about the stock gift they are contemplating. The donor instructs the broker which stock the donor would like to give and how many shares of stock the donor would like to transfer from the donor’s stock account to the charity’s stock account. Most transfers are done electronically and are safe and efficient.
- The charity has its own broker. Once the stock is in the charity’s account, the stock is sold and the proceeds are distributed to the charity. The donor receives an immediate acknowledgment letter from the charity for the donor’s records.
- When the donor files taxes, if the donor itemizes, the gift qualifies for a charitable deduction equal to the full value of the stock on the date of the stock transfer. If the stock the donor donated was held by the donor for more than one year, the donor could save capital gain tax by transferring the stock to the charity. Charities do not pay any capital gain tax on stock transferred to them.
(Please consult your professional advisors for any possible changes in the capital gain tax rates as tax rates are subject to change.)
Other Methods of Transferring Stock:
- Hand Delivery of Stock
- Mailing Stock
Please call The Kempe Foundation and ask to speak to our VP of Philanthropic Gifts, Janet Doolin, 303.864.5309, if you have questions. Our Tax ID number is 84-1064295.
