How It Works

The Stock Donator process was invented to make stock donations secure, fast and simple and is currently pending approval from the US Patent and Trademark Office #61480709. Click on the tabs below to see how it works from an organization’s or donor’s perspective.

Stock Donator provides a secure, fast, and simple TM  web enabled service for various Organizations to receive stock donations from the donor community.

Here’s how it works:
STEP 1 An Organization creates an account on www.stockdonator.com by providing:

  1. Tax ID.
  2. Liquidation preference for receiving the donation proceeds.
  3. Intermediary bank / brokerage account information (as required dependent upon the liquidation preference).
STEP 2 Not Available Stock Donator confirms and activates the account. Account activation enables:

  1. Donors to select the Organization as a donation recipient on stockdonator.com home page.
  2. The Organization to place a Stock Donator provided link on their website.  The Organization’s website visitors may click on this the new button (titled ‘Donate Stock’) to trigger an organization specific stock donation session.
STEP 3   Not Available Donors make a stock donation to a specified Organization. Stock Donator collects all entered information, generates the required forms, and facilitates the stock donation via brokerage currently holding the stock certificate.
STEP 4   Not Available Stock Donator receives the stock donation from the Donor’s Brokerage Firm.
STEP 5   Stock Donator provides the stock proceeds net of any fees and service charges to the receiving organization, based on the organization’s preference to either liquidate immediately or transfer the stock.

 

Stock Donator provides a secure, fast, and simple TM web enabled service to donate publicly traded stocks to various organizations.

Here’s how it works:
STEP 1   Individual donors log on to www.stockdonator.com and enter the information required to donate stock including:

  1. The specific stock and number or shares.
  2. Selecting the receiving organization.
  3. Identifying personal and brokerage information.

 

STEP 2   Not Available Stock Donator collects all entered information and generates the required forms to send onto the Donor’s Brokerage Firm

STEP 3 As certain Brokerage Firms use Medallion Signatures (MS) as an additional means to validate the donation request, the next step is dependent upon the Brokerage Firm’s MS requirement:

  1. For those Brokerage Firms not requiring a MS, Stock Donator electronically transfers the request directly to the Brokerage Firm.
  2. For those brokerages requiring a MS, Stock Donator provides the forms to the Donor, who in turn must (1) go to a financial institution, (2) receive a MS, and then (3) send the completed form to the Brokerage Firm.

 

STEP 4  Not Available Stock Donator receives the stock donations from the Donor’s Brokerage Firm.

STEP 5   Stock Donator provides the stock proceeds net of any fees and service charges to the receiving organization, based on the organization’s preference to either liquidate immediately or transfer the stock.
STEP 6   To complete the process, Stock Donator provides the Donor with the transaction receipts needed to claim the tax deduction for the stock donations.