Gifts of Stock
Your gift of stock will strengthen Compassion & Choices’ efforts to improve care and expand choice at the end of life. At the same time, gifts of appreciated assets held for at least one year provide a double tax benefit. Not only may you be able to take a charitable income tax deduction for the market value of the appreciated shares you’re transferring to us, as provided by law and your specific situation, you also avoid any capital gains taxes that would have been due had you sold the security. In short, you can make a gift that costs you less.
If your stock is held with a brokerage firm or bank trust department, you can transfer the securities directly from the firm or bank to Compassion & Choices’ account at Charles Schwab.
STEP 1
Instruct the holding institution to make a direct transfer, or “DTC,” with the following instructions:
Please deliver/transfer ____________shares of __________________ (name and symbol) from my account with ____________________________________(name of firm or bank), account number __________________________, to:
DTC #0164 Code 40
Charles Schwab & Co., Inc.
For further credit to: Compassion & Choices Account #3225-5593.
STEP 2
When stocks arrive in our account, we often get no information about the donor — so please don’t forget to tell us you have made this generous gift! Contact our Development Team at 800.247.7421, extension 2159, or [email protected] and tell us how many shares and name of the stock, so we can send your gift receipt. Unless you tell us, we may not know who sent the gift.
Gifts of Physical Stock and Wire Transfers
We’re happy to assist you with transferring a gift of physical stock that you may be holding in traditional paper form, or to facilitate a direct wire transfer from your financial institution. These gifts involve specific steps and information, so please contact our Development Team at 800.247.7421, extension 2159, or [email protected] for more details.
Mutual Funds
It’s a bit more involved to transfer mutual funds, but we can help. Contact our Development Team at 800.247.7421, extension 2159, or [email protected] , and we would be pleased to assist you.
IRA Rollovers
If you are 70½ years old or older, you can take advantage of a simple way to benefit Compassion & Choices and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money.
This law no longer has an expiration date so you are free to make annual gifts to our organization this year and well into the future.
Why Consider This Gift?
Your gift will be put to use today, allowing you to see the difference your donation is making.
You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
Making This Tax-Free Gift is Easy
Simply contact your IRA plan administrator, who will usually provide you with a form to complete, or complete a form for you. They’ll want to know the amount you wish to transfer from your IRA to Compassion & Choices, and they’ll need our Federal tax identification number: 84-1328829.
Please let us know that you are making a gift through your IRA—unfortunately, IRA plan administrators don’t always include the client/donor name when making the transfer. Finally, your IRA administrator will then send a check from your account to us. In some cases, they may wish to make a direct wire transfer from your account into our account—if so, please contact our Development Team at 800.247.7421, extension 2159, or [email protected] for specific instructions. Please keep in mind, to be tax-free, the donation must transfer directly from your IRA account to us without passing through your hands.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.
