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Stock Donations Reached $23.7 Billion!

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Of all non-cash contributions made, Stock Donations represented the largest category of noncash donations at $23.7 billion or 44.9 % of all non-cash contributions.

Over 450,824 stock donations were made to non-profits in one year!  With such a large number of stock donations and such a large amount, each Non-profit should do more to accept stock donation.  Stock Donator is the number one way to donate stock online.  Apply for an organization account today!

Source: Internal Revenue Service, Statistics of Income Bulletin, Spring 2010

Non Cash Contributions

The recently published IRS Spring 2010 Statistics of Income Bulletin provides insight into noncash giving by donation type, donor age and income for tax year 2007. More than 6.9 million tax returns reported $52.8 billion in noncash charitable donations. Of the roughly 18.6 million noncash donations that were reported:

Individual Noncash Charitable Contributions, 2007

(Money amounts are in the thousands of dollars)

Type of Donation

Number of Donations

Amount

All donations

18,599,215

52,827,286

Corporate stock

450,824

237,728,784

Mutual funds

23,395

1,418,878

Other investments

7,639

1,946,378

Real estate

9,932

1,896,978

Land

8,271

4,047,464

Conservation Easement

2,405

1,954,122

Façade Easement

242

222,269

Art and collectibles

108,556

997,996

Food

387,160

98,698

Clothing

11,141,891

7,613,709

Accessories

69,574

103,577

Electronics

580,759

372,087

Household items

4,183,228

3,920,893

Cars

331,979

578,113

Other Vehicles

11,223

116,514

Services

34,183

56,546

Airline tickets/miles

1,851

3,712

Other

1,246,103

3,750,570

Source: Internal Revenue Service, Statistics of Income Bulletin, Spring 2010

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