Brokerage Account Information
Transfer stock donations to:
Brokerage: Morgan Stanley Smith Barney
Account number: xxxx5348 (please contact email@example.com for the full account number)
Name on account: Asha for Education
DTC number: 0015
Asha’s Tax ID: 77-0459884
Please notify firstname.lastname@example.org after you submit the transfer with your broker.
Stock Donation FAQ
- When is the donation complete for tax purposes?
The date a gift is complete for tax purposes possibly determines not only the amount of the donor’s charitable contribution but also the year in which the gift is deemed made. If the donor instructs his or her own agent to have the stock transferred on the books of the issuing corporation to the ownership of the donee organization, the gift is not complete until the transfer takes place—which may be few business days later.
- How is the donation amount calculated? Fair market value: For purposes of determining the amount of the donor’s charitable gift, the fair market value of publicly traded securities is generally the average of its high and low trading prices on the date of the transfer into the donee organization’s account (see above for determining date of transfer).