Donate Stock or Donor Advised Funds

Donor Advised Funds

A donor-advised fund (DAF) is a centralized charitable account. It allows charitably inclined individuals, families, and businesses to make tax-deductible charitable donations of cash, publicly-traded stock, and, in some cases, certain illiquid assets, to a public charity that sponsors a DAF program. DAFs also allow you to approach your charitable giving thoughtfully by involving other family members or colleagues in your philanthropic decisions.

 

 

 

Donate Stock or Mutual Funds

Donating appreciated securities – such as stock or mutual funds – to National Diaper Bank Network is a tax-wise approach to providing for children in need. Many donors choose to give gifts to National Diaper Bank Network using long-term appreciated stocks and mutual funds due to the attractive tax advantages associated with such gifts.

The benefits available to you when making a charitable contribution of stock or mutual funds may include:

  • Avoiding federal and state tax on the capital gain;
  • Receiving an income tax deduction (federal and most states) for the full market value of the gift if you itemize deductions on your tax return and have held the assets one year or longer;
  • Making a larger gift at a lower original cost to you.

 

To make a gift of appreciated stock:

Broker Name: Charles Schwab & Co., Inc.
Contact: Jessica Bruno – 212-605-0665
DTC number: 0164, code 40
Official Account Name: The National Diaper Bank Network
The Diaper Bank’s Account Number: 7202-2904

*The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties or liabilities. Please consult legal or tax professionals for specific information regarding your individual situation.