Category

Donating Stock Online

Stock Donations Reached $23.7 Billion!

Of all non-cash contributions made, Stock Donations represented the largest category of noncash donations at $23.7 billion or 44.9 % of all non-cash contributions.

Over 450,824 stock donations were made to non-profits in one year!  With such a large number of stock donations and such a large amount, each Non-profit should do more to accept stock donation.  Stock Donator is the number one way to donate stock online.  Apply for an organization account today!

Source: Internal Revenue Service, Statistics of Income Bulletin, Spring 2010

Non Cash Contributions

The recently published IRS Spring 2010 Statistics of Income Bulletin provides insight into noncash giving by donation type, donor age and income for tax year 2007. More than 6.9 million tax returns reported $52.8 billion in noncash charitable donations. Of the roughly 18.6 million noncash donations that were reported:

Individual Noncash Charitable Contributions, 2007

(Money amounts are in the thousands of dollars)

Type of Donation

Number of Donations

Amount

All donations

18,599,215

52,827,286

Corporate stock

450,824

237,728,784

Mutual funds

23,395

1,418,878

Other investments

7,639

1,946,378

Real estate

9,932

1,896,978

Land

8,271

4,047,464

Conservation Easement

2,405

1,954,122

Façade Easement

242

222,269

Art and collectibles

108,556

997,996

Food

387,160

98,698

Clothing

11,141,891

7,613,709

Accessories

69,574

103,577

Electronics

580,759

372,087

Household items

4,183,228

3,920,893

Cars

331,979

578,113

Other Vehicles

11,223

116,514

Services

34,183

56,546

Airline tickets/miles

1,851

3,712

Other

1,246,103

3,750,570

Source: Internal Revenue Service, Statistics of Income Bulletin, Spring 2010

Donate Stock Online

Stock Donator is focused on providing non-profits and other organizations with an easy and efficient way of accepting stock donations.  Donors may open accounts free and receive a cross-branded website which will allow them to accept stock donations from donors within a day.

Donating stock online has never been easier.  Sign up your organization today to allow your donors to donate stock online to your organization.

Medallion Signature Guarantee

A medallion signature guarantee is a special signature guarantee for the transfer of securities. It is a guarantee by the transferring financial institution that the signature is genuine and the financial institution accepts liability for any forgery.

Signature guarantees protect shareholders by preventing unauthorized transfers and possible investor losses. They also limit the liability of the transfer agent who accepts the certificates.

Different institutions have different policies as to what type of identification they require to provide the medallion guarantee and whether they charge a fee for such service. Most institutions will not guarantee a signature of someone who is not their customer.

If you were told that your stock transfer requires a Medallion Signature Guarantee, please take a print out of the transfer request that Stock Donator emailed to you to a local branch office of your financial institution. A copy of the transfer request was sent to the email address you provided and is available in your account history if you have a Stockdonator Account.

Your financial institution will then confirm your identity and provide the Medallion Signature Guarantee. Once the Guarantee is received, please mail the transfer request per instructions provided on the form.

If you have any questions, please contact us using the link at the bottom of the page

Red Cross Initiates Stock Donation Program for Japan Earthquake Victims

Company Expands Siebert Charitable Stock Donation Program to Include New International Relief Efforts as Investors Show Interest in Donating Stock to Help in Japan Tragedy

On Tuesday, March 22, 2011 — The American Red Cross and Siebert Financial Corp. (NASDAQ: SIEB)  announced an expansion to a program aimed at encouraging stock donations to aid the victims of the Japan earthquake and tsunami disaster.  The plan eliminated for a short period of time any commission charges on sales of stock donated to the Red Cross, for the victims of the Japan earthquake and tsunami.

As an example of Siebert’s program, if a contribution to the Red Cross involves 200 shares of stock trading at $20 per share, the value of the contribution could be increased by more than $120 by eliminating commissions that would typically be charged by a full-commission broker.  To date, Siebert has sold more than $16,500,000 in stock donated to the Red Cross.

Stock  Donator commends both the Red Cross and Siebert for their efforts and for identifying the tax benefits to donors of donating stock over donating cash.  Stock Donator reminds you that we make donating stock to non profits an easy, secure, and simple online process.  Open an account today!