Gifts of Stock, Bonds, or Mutual Funds
Donating stock directly to a charitable organization, like the NWACC Foundation, can increase the amount of money received by the charity while reducing the tax burden for the donor. When you donate appreciated securities (investments that have increased in value from the time they were purchased), some individuals and households may be able to take advantage of IRS tax provisions to claim a charitable tax deduction for the full, fair market value of the securities. This means you may avoid paying capital gains tax on the transfer.
Your financial advisor can explain the possible tax benefits depending on whether the stock has appreciated or lost value since the time you acquired it.
Decide the type of stock and the number of shares to donate
You will need to know the stock's name and ticker symbol if it is publicly traded.
Request the transfer from your financial institution
Provide your advisor or broker with the following wiring instructions:
DTC #: 0443NWACC Foundation Inc.Account #: WAB053976
Inform us of your gift
Please call us at
(479) 619-4184 or info@nwaccfoundation.org about your stock donation so we can provide your tax receipt.
Tax receipt and acknowledgment letter
You will receive an acknowledgment after your donation to confirm that your gift was processed. Report the stock donation when you file your tax return to claim the tax benefits.