Donating stock that you have owned for more than one year may entitle you to a charitable tax deduction for the full market value at the time of donation. If the stock has appreciated, you may also avoid a capital gains tax on the appreciation. Since 501(c)(3) nonprofit organizations are not taxed when they sell stock, Milwaukee Habitat will receive the entire benefit of your gift.
Please consult your financial advisor to determine whether this is a good choice for you.
How to Donate Stocks, Mutual Funds or Other Assets
- Milwaukee Habitat needs to know the name of the stock, the number of shares, your name and address, and the designation of your gift so that we can credit it properly.
- To make a donation of stock to Habitat for Humanity, please arrange with your broker to transfer shares to:
Robert W. Baird & Company, Inc.
DTC Code: 0547
Broker of record for the account: Steven Tews
- Our normal procedure is to credit the donor with the median value of the stock on the day the shares go into our account.
- Questions or concerns contact:
Andy Heuer, Development Director, at 414-316-5609 / email@example.com
Donating real estate can have many tax advantages. We are looking for donated houses to rehab in the Washington Park neighborhood of Milwaukee (boundaries: 31st St. to 47th St. and Highland Blvd. to Meinecke Ave). In most instances, we can assist with the transaction at no cost to the donor.
In some circumstances, properties outside of the Washington Park neighborhood can still be donated to support the critical work of eliminating substandard and poverty housing. We will use funds from the sale of these properties to cover the costs of homebuilding, homeowner education, and program operations.