Donating stocks or other securities, such as bonds and mutual funds, is a powerful way to make miracles for orphans—while reducing your taxes. In addition to saving on capital gains, you can deduct your gift’s full market value at the time of transfer (up to 30% of your adjusted gross income) from your income tax.
To donate stock, use these DTC delivery instructions:
Receiving Institution Account Number—8855-5542
Contact Name—Marty Romell
Name of Receiving Institution—Charles Schwab & Co., Inc.
DTC Number—0164, Code 40
Most brokerage firms have a form you can complete, to assign which specific stock you wish to donate. You can download Charles Schwab’s form below.
Thank you Alpha Capital Management for managing our stock donations!