Tax Benefits of Donating Appreciated Stock:

Giving appreciated stock you’ve held for more than a year is better than giving cash. If you donate stock that has increased in value since you bought it more than a year ago – and if you itemize deductions – you can take a charitable deduction for the stock’s fair market value on the day you give it away. You’ll also avoid capital-gains taxes on the increase in value over time, which you would have had to pay if you sold the stock then gave the charity the cash proceeds. You can deduct the fair market value only if you hold the stock for more than a year before giving it away. If you’ve held it for less than a year, your deduction is limited to your cost basis – what you paid for the stock – not the current value.

Directions on Donating Stock to Civicorps:

Most investment/brokerage accounts will have their own form to fill out. Otherwise the person wishing to donate would write a Letter of Authorization and submit to the account representative. Regardless, some or all of the following information will be necessary:

Account Name: Civicorps Schools
Account Number: 7064-1932
DTC #0164; Code: 40 (code is rarely needed)
Registration: “Non-profit”

Forms can be sent to:

Charles Schwab
2423 Lincoln Dr.
Phoenix, AZ 85016
Fax #: 877 824-3817

Civicorps address is:
101 Myrtle Street
Oakland, CA 94607

Questions?

Please contact Director of Development, Shannon Bowen, at donors@cvcorps.org or by calling (510) 992-7840.