StockDonator : sample

“We make donating stock a simple, secure, and online process.”

 

What is Stock Donator?

Stock Donator allows Donors to donate stock to various Non-Profit Organizations all online. Donors can initiate a donation to any one of our partners from www.stockdonator.com or from a link on a partners website. Stock Donator takes care of all the paperwork and will let you know when the donation has been received and disbursed to your selected organization. With Stock Donator you can view your past donations, check on pending donations, and print all forms and receipts.

Learn more detail by clicking on our How It Works page.

What benefits are there to donors in donating stock?

Corporate stock donations have significant tax benefits to a donor. A donor may deduct the market value of the charitable donation from his taxes, and the donor need not pay any capital gains taxes on any appreciation of such donated corporate stock! You save yourself from paying capital gains tax and you get a tax deduction for the fair market value of the donation. For an example on how much you can save try our Stock Donator Calculator.

What information do I need to provide in order to open an account?

A Stock Donator account requires the following information:

First Name,   Last Name, Date of Birth, Social Security Number (certain brokerage firms require a SSN in order to verify identity prior to a transfer), Email Address and Mailing Address.

Additionally you will need to select your brokerage firm and provide your brokerage firm name and account number.

How is fair market value of my stock determined?

IRS Publication 561 describes the exact method of determining Fair Market Value (FMV). Generally speaking it is the average between the high and low price of the stock on the day the donation is transferred to the organization. Please contact your accountant or tax professional for your specific situation.

Can I donate any stock?

You can use Stock Donator to donate most stocks listed on the NYSE or NASDAQ.

However, the tax benefits of donating stock are only available for those stocks which have been held for more than a year and have appreciated in value. Please contact your accountant or tax professional for your specific situation.

What fees are there to using Stock Donator?

Opening an account is free and you receive a donation receipt for the FULL VALUE of your donations. We cover our costs by charging a small transaction fee to the receiving organization from the proceeds of each provided donation after the stock has been liquidated (please see our User Agreement for additional details). This transaction fee is in line with the fees the organization would pay to a credit card company if you made a donation on a credit card.

Who takes care of documentation?

We’ll maintain your donation history with your account. Login anytime to view all received or pending donations. You’ll receive a year end summary from us. We will also maintain your account information so future donations can be made with just a few clicks.

How do I open an account?

Opening an account takes seconds and is free. Just click on the “Create Account” tab under “For Donors”.

Do I need to open an account to make a donation?

No. A donor may make a “one-time” donation without opening an account, in such instances, your information is kept only as it relates to the transaction (so that you will receive a receipt), but you do not get the benefits of being able to make recurring donations with a few clicks, and you won’t be able to log on to see a transaction record.

Is my information safe?

We at Stock Donator take your privacy and security very seriously. All web transactions are done using Secure Socket Layer (SSL) encryption.  We take extra precautions to make sure that your information stays safe. You may also receive a call confirming your transaction from your brokerage firm.

Why can’t I donate from my brokerage firm?

Stock Donator is always expanding its partnership with various brokerage firms. If you don’t see your brokerage firm listed as an option, please contact us and let us know you are interested in using Stock Donator with your brokerage firm and we will attempt to add it. Alternatively, you can provide transfer instructions to your brokerage firm on your own and fill out and return a non-automated stock donation form to Stock Donator.  You will still need to follow the instructions required by your own brokerage firm as well.  Please email communications@stockdonator.com if you need help

Which firms are currently supported?

Stock Donator is always expanding its partnership with various brokerage firms, our current list of supported brokerage firms can be found here.

I just finished donating stock but got a medallion signature request, what is that?

A medallion signature guarantee is a special signature guarantee for the transfer of securities. It is a guarantee by the transferring financial institution that the signature is genuine and the financial institution accepts liability for any forgery.

Signature guarantees protect shareholders by preventing unauthorized transfers and possible investor losses. They also limit the liability of the transfer agent who accepts the certificates.

Different institutions have different policies as to what type of identification they require to provide the medallion guarantee and whether they charge a fee for such service. Most institutions will not guarantee a signature of someone who is not their customer.

If you were told that your stock transfer requires a Medallion Signature Guarantee, please take a print out of the transfer request to a local office of your financial institution. A copy of the transfer request was sent to the email address you provided and is available in your account history if you have a Stock Donator Account.

Your financial institution will then confirm your identity and provide the Medallion Signature Guarantee.  Once the Guarantee is provided, please mail the transfer request per instructions provided on the form.

Can I make a donation to one of your partner organizations if my brokerage account is not supported?

Yes!  You can gift a stock through a non-supported organization by following the instructions on our “How to Make A Donation From a Non-Supported Brokerage Page“.