Get the free Charitable Gifts of Securities - emhsfoundation

Charitable Gifts of Securities Initial Information Request Donor Name: Date: EMUS Member Gift Designation: Stock Name: Brokers Name: Number of Shares: Brokers Phone: () Special Instructions: Electronic

How to fill out charitable gifts of securities

How to fill out charitable gifts of securities:

1. Contact the charity: Start by reaching out to the charity organization you wish to donate the securities to. Let them know your intention and inquire about their specific requirements for accepting securities as donations.
2. Gather the necessary information: The charity will provide you with their account details and any specific forms or documents that need to be completed. Collect all the necessary information such as the name and address of the charity, their tax-exempt identification number, and the type and quantity of securities you wish to donate.
3. Consult with a financial advisor or tax expert: It is advisable to consult with a professional to understand any potential tax implications or specific regulations related to donating securities. They can guide you through the process and ensure you make the most of any available tax benefits.
4. Complete the donation form: Fill out the donation form provided by the charity accurately and completely. Double-check all the information before submitting it. Attach any additional documents requested by the charity, such as a letter of authorization from your brokerage firm, if needed.
5. Transfer the securities: Contact your broker or financial institution to initiate the transfer of the securities to the charity's account. Provide them with the necessary instructions provided by the charity. Make sure to inform the charity once the transfer has been initiated.
6. Obtain a receipt: After the securities have been transferred, the charity will provide you with a written acknowledgment or receipt for your donation. Keep this receipt for your records, as it will be necessary when filing your taxes.

Who needs charitable gifts of securities:

1. Individuals with appreciated securities: Charitable gifts of securities can be an attractive option for individuals who own stocks, bonds, or other securities that have increased in value. By donating these securities directly to a charity, they can avoid capital gains tax that would be incurred if they were sold.
2. Charitable organizations: Charities rely on donations to support their causes and carry out their missions. Accepting securities as donations provides them with valuable financial resources that can be utilized to further their work.
3. Investors looking for tax benefits: Donating securities can provide certain tax benefits to the donor. Depending on the jurisdiction and specific circumstances, individuals may be eligible for a deduction on their income tax returns based on the fair market value of the securities at the time of the donation. This can potentially reduce their taxable income and result in tax savings.

For pdfFiller’s FAQs

What is charitable gifts of securities?

Charitable gifts of securities refers to the donation of stocks, bonds, or other securities to a charitable organization instead of cash.

Who is required to file charitable gifts of securities?

Individuals or businesses who have made a donation of securities to a charitable organization may be required to file charitable gifts of securities.

How to fill out charitable gifts of securities?

To fill out charitable gifts of securities, individuals or businesses may need to provide information about the securities donated, their value, and the charitable organization receiving the donation.

What is the purpose of charitable gifts of securities?

The purpose of charitable gifts of securities is to support charitable organizations by providing them with financial resources in the form of stocks, bonds, or other securities.

What information must be reported on charitable gifts of securities?

Information that must be reported on charitable gifts of securities may include the type of securities donated, their value, and the name of the charitable organization receiving the donation.

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