How to Donate Stocks, Mutual Funds or Other Assets
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.
- 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: Scott M. Sullivan
- Our normal procedure is to credit the donor with the median value of the stock on the day the shares go into our account.
Please consult your financial adviser to determine whether this is a good choice for you. For more information about gifts of stock, contact Kelly Schlicht, Donor Relations Manager, at 414-316-5611 / email@example.com
Donor Advised Fund
A donor advised fund, or DAF, is a charitable giving program that allows you to combine tax benefits and support for your favorite causes, which can easily be set up through a community foundation or your financial institution.