Stock Donations
Donating stock can magnify your charitable impact!
Stock donations to charity are a smart way to give back to your community. Gifts of stock or securities can enable you to give more, save on the capital gains tax, and rebalance your income portfolio.
Here are 3 reasons you should give stock donation a try:
What is the process for donating stock to charity?
1. Your broker can assist you in making a gift of non-cash assets via a direct transfer to Miriam. Talk to your broker about what stock donation works best for you and can make the greatest impact.
2. Then contact our Director of Advancement Heather Kemper at hkemper@miriamstl.org or 314-962-6059. She will provide the information you need to make your transfer and issue a tax deduction receipt. Then, Miriam will put your generosity to work by serving our unique learners.
The transfer of charitable gifts must be completed by December 31 to obtain a deduction for the current tax year. For tax purposes, electronic transfers from your brokerage account are recorded on the day it is received by Miriam, not when you approve the transfer.
Information obtained from Fidelity Charitable. As always, please be sure to discuss any decisions with your financial planners.
Contact our Director of Advancement, Heather Kemper, at 314.962.6059 for instructions on donating securities to Miriam.