Gifts of Stocks, Mutual Funds, and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Open Doors USA.
Benefits of Donating Appreciated Securities
Donating appreciated securities such as stock, bonds, or mutual funds can benefit you by:
- Bypassing capital gains taxes that you would pay if you sold the securities outright and donated the proceeds
- You receive a charitable deduction for the full fair market value (even though you paid less)
- Open Doors would receive a gift of the full fair market value
- You can maintain your cash reserves for living expenses or emergencies
How to Donate Securities
In most cases, securities are held by a broker or other custodian and the transfer can be made electronically. You will need to provide your broker or custodian with Open Doors stock transfer information. Click here to download stock transfer form.
In order to donate securities to Open Doors, you will need to provide the following information to your broker or custodian to make a gift by electronic transfer:
Transfer Shares To:
Account: Open Doors with Brother Andrew, Inc.
Account #: 7868-4981
Charles Schwab DTC #: 0164
Open Doors Tax ID#: 23-7275342
Open Doors Broker Information:
Charles Schwab & Co.
1958 Summit Park Plaza
Orlando, FL 32810
Ph: (800) 515-2157
To assist Open Doors in properly identifying your gift of securities, please provide us with a copy of the completed Open Doors Stock Transfer form or alternatively, email us at [email protected] or call 1-888-524-2535 and ask for Planned Giving, in order to provide us with information about the gift being transferred.
Please note that gifts of mutual fund shares may take between three to four weeks to process. Gifts received after December 31st will be treated as a gift in the following calendar year for tax deductible purposes.
By certified mail - If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
More on gifts of stocks and bonds
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
If you have any questions about gifts of stocks and bonds, please contact us. We would be happy to assist you and answer any questions that you have.