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Charitable Donation Securities Inking Transferring (Name) Institution: (Address) (Address) (FINS or DTC) (Contact name & phone number) Donor: (Name) (Address) (Address) (Account no.) You are hereby

How to fill out charitable donation securities in-kind

How to fill out charitable donation securities in-kind:

1. Gather the necessary information: Before filling out the charitable donation securities in-kind, gather all the relevant information about the donated securities. This includes the name of the security, the number of shares, the date of donation, and the fair market value of the securities at the time of donation.
2. Obtain the appropriate forms: Check with the specific charitable organization or institution to which you are making the donation to determine the required forms for reporting the charitable donation securities in-kind. Common forms include IRS Form 8283, Noncash Charitable Contributions, and any additional forms specific to the organization.
3. Complete the forms accurately: Fill out the required information on the forms with precision. Provide all the necessary details about the securities being donated, including the ticker symbol, CUSIP number, and any other relevant identifiers. Ensure that the fair market value is entered correctly, as this will determine the tax deduction amount.
4. Attach additional documentation: In some cases, organizations may require additional documentation to support the charitable donation of securities in-kind. This could include a letter from the charity acknowledging the donation or any other relevant proof of ownership or value. Make sure to include these documents along with the completed forms.
5. Submit the forms: Once you have accurately filled out the charitable donation securities in-kind forms and attached any necessary documentation, submit them to the appropriate organization or institution. Follow their instructions on where to send the documents and ensure that you retain a copy for your own records.

Who needs charitable donation securities in-kind?

1. Individuals: Individuals who have made charitable donations in the form of securities may need to fill out charitable donation securities in-kind forms. This allows them to report the donation for tax purposes and potentially claim a tax deduction.
2. Charitable organizations: Charitable organizations receiving the donated securities may also need to handle the required documentation. They may request specific forms to be filled out to acknowledge the donation and properly account for it in their records.
3. Financial institutions: Financial institutions where the donated securities are held may be involved in the process as well. They may need to provide certain information or documentation related to the securities being donated.

In summary, filling out charitable donation securities in-kind involves gathering information about the donated securities, obtaining the required forms, accurately completing the forms, attaching any necessary documentation, and submitting them to the appropriate parties. Individuals, charitable organizations, and financial institutions may all have a role in this process.

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