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 abour gifts of stock, contact Patti Oliver, Development Officer, at 414-316-5611 / firstname.lastname@example.org
How to Donate Real Estate
Donating real estate can have many tax advantages. We are looking for donated houses to rehab in the Midtown neighborhood of Milwaukee (boundaries: 20th St. to 30th St. and North Ave. to Lisbon Ave.). In most instances, we can assist with the transaction at no cost to the donor.
In some circumstances, properties outside of the Midtown neighborhood, but still within Milwaukee County, can be donated outright or with an agreement to do a bargain sale to support our mission. We will use funds from the sale of these properties to cover the costs of home building, homeowner education, and program operations.
We do not accept donations of vacant lots outside of the Midtown neighborhood.
Please consult your financial adviser to determine whether this is a good choice for you.
If you are interested in donating property to Milwaukee Habitat, contact Chris Garrison, Construction Director, at 414-316-5623 / email@example.com