Stock and mutual funds
Retrieve the information you need to make a contribution of stock, ETFs, and/or mutual funds on behalf of your clients.
With your firm's giving program, it is easy to facilitate a contribution of long-term appreciated securities on behalf of your clients, enabling them to deduct the full fair market value of the donated asset, avoid capital gains taxes, and use the full liquidated value for charitable giving.
There are two ways to contribute securities on behalf of your client:
Stocks & ETFs: make a gift of stock or ETFs on behalf of your client to their unique Charityvest receiving account.
Mutual Funds: if your client contribution contains mutual funds, you will need to send it to the omnibus receiving account, and include relevant client information in the memo field.
Does your client contribution contain mutual funds?
The receiving account for mutual funds is different than that of stocks & ETFs. Ensure you follow the instructions for mutual funds, so the transfer is successfully processed.
Stocks & ETFs
To make a contribution of stock on behalf of your existing giving program clients:
Log in to your advisor account Dashboard.
Click on your client's name to expand their profile.
Click the Make a contribution button (only available once a client has accepted their invitation).
Select the Donate ETFs, equities, or fixed income button.
On the Contribute stocks and ETFs screen, retrieve your client’s unique account information.
Follow your brokerage process to initiate a charitable gift of stock. Once the contribution is received by our brokerage, it will automatically be liquidated and the proceeds will be posted to your client's balance.
Mutual Funds
To make a contribution of mutual funds on behalf of your existing giving program clients:
Log in to your advisor account Dashboard.
Click on your client's name to expand their profile.
Click the Make a contribution button (only available once a client has accepted their invitation).
Select the Donate mutual funds button.
On the Contribute publicly-traded securities screen, retrieve the omnibus mutual fund receiving account information.
Follow your brokerage process to initiate a charitable gift of mutual funds. Once the contribution is received by our brokerage, it will be liquidated and the proceeds will be posted to your client's balance.
Want to verify your mutual fund contribution will be allocated to the correct account? Please include the recipient client account holder full name and email in the memo field of their mutual fund transfer if possible. Otherwise, contact Charityvest at support@charityvest.org to verify the transfer details.
Tax considerations
Upon a successful contribution of stock and/or mutual funds, your client will receive an estimate of the tax-deductible value of their stock and ETF donations at the time the gift is posted to their account.
For stocks and ETFs, we use the IRS recommended method and use the simple average price of the publicly-traded security on the day we received it. Specifically, we take the day's low price and the day's high price, and we average them.
Ultimately, it is your client's responsibility as the taxpayer to accurately represent and claim a tax deduction on your income taxes; all information provided by Charityvest is for convenience only. For more detail, you can direct your client to the appreciated asset tax matters section provided in the Charityvest public guide.
Curious to learn more about your firm's custom DAF program? Contact your firm's program manager for program-related matters or Charityvest (support@charityvest.org) for platform-related matters.
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