Get the free Charitable Donation of Securities Authorization Form - 360kids

Charitable Donation of Securities Authorization Form Please provide this form to your Investment Advisor to complete and who will initiate the transfer. I hereby authorize to deliver free as a charitable

How to fill out charitable donation of securities

How to fill out charitable donation of securities?

Gather the necessary information:

1. Obtain the fair market value of the securities on the donation date.
2. Determine the cost basis (what you originally paid for the securities).
3. Calculate any capital gain or loss.
4. Make sure you have the correct tax identification numbers for both yourself and the charity.

Choose the type of donation form:

1. Some charities have their own specific donation forms which you can obtain from them directly.
2. Alternatively, you can use the IRS Form 8283 for non-cash charitable contributions.

Fill out the donation form:

1. Provide your personal information, such as name, address, and social security number.
2. Enter the charity's name, address, and tax identification number.
3. Indicate the type of securities being donated, including the quantity and the name of the financial institution.

Include donation details:

1. Specify the date of the donation.
2. Enter the fair market value of the securities on the donation date.
3. If the value is over $5,000, you may need a qualified appraisal.

Report the cost basis and capital gains:

1. Declare the cost basis of the donated securities.
2. Calculate any capital gain or loss by subtracting the cost basis from the fair market value.
3. If applicable, report the long-term or short-term nature of the capital gain.

Who needs charitable donation of securities?

Individuals looking for tax benefits:

1. Donating securities can provide a tax deduction on your federal income tax return.
2. It allows you to potentially avoid capital gains tax on the appreciation of the securities.

Charities and nonprofit organizations:

1. Charities greatly benefit from donations of securities as it helps fund their programs and initiatives.
2. By accepting securities, they can sell or hold the assets to support their mission.

Investors with appreciated securities:

1. Investors who possess securities with substantial gains can benefit from donating them instead of selling.
2. It allows them to avoid paying capital gains tax while supporting charitable causes.

Note: It is always recommended to consult with a tax advisor or tax professional for personalized advice regarding charitable donations of securities.

For pdfFiller’s FAQs

What is charitable donation of securities?

Charitable donation of securities refers to donating stocks, bonds, or mutual fund shares to a charitable organization.

Who is required to file charitable donation of securities?

Individuals or organizations who donate securities valued at $500 or more are required to file charitable donation of securities.

How to fill out charitable donation of securities?

One can fill out charitable donation of securities by providing details of the donated securities, their value, the recipient charitable organization, and any relevant tax information on IRS Form 8283.

What is the purpose of charitable donation of securities?

The purpose of charitable donation of securities is to support charitable organizations, receive tax deductions, and make a positive impact on society.

What information must be reported on charitable donation of securities?

Information such as the name and address of the charitable organization, the date of donation, a description of the securities donated, and their fair market value must be reported on charitable donation of securities.

How do I complete charitable donation of securities online?

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