There’s a new way to be a part of our mission. We’re excited to announce that you can now give stock and make up to a 37% larger donation to impact our community.

We’ve partnered with Overflow to make giving via stock quick, easy, and secure. You can even give stock directly from your phone!

For those of you who’ve never donated stock before, it’s a great, tax-efficient way to give. By donating stock directly, you avoid up to 37% in capital gains taxes you would incur by liquidating the stock and sending our organization the cash, at zero additional cost to you. Plus, you can deduct the value of the stock as a charitable gift just like cash.

Give from your gains this year and maximize your impact.

Donating appreciated stock that you’ve held for over a year could allow you to save up to 20%* in capital gains taxes and potentially up to 37%** in federal income taxes on the charitable donation value of your gift based on your tax bracket when itemizing deductions. To understand the full tax benefits of giving appreciated stock, including potential state tax savings, please consult with your tax professional for information about your personal tax implications.

Access the Overflow platform via our giving page and click “Give Now” on the Stock and Crypto section. You will then be taken to the Overflow platform where you can follow the steps to complete the donation.

Immediately after submitting your donation, you will receive an email confirmation of your gift. Stock transactions take 2-14 days to reach our account depending on the sending and receiving brokerages that are involved in the process. Once we receive your gift, the nonprofit will send you an IRS-compliant acknowledgment letter that you can use to itemize the charitable deduction on your taxes.

Overflow currently supports over 10 brokerages via its self-guided platform including the most popular brokers such as Charles Schwab, Fidelity, and E*Trade. If Overflow doesn’t have a direct connection to your brokerage account, your gift can still be fulfilled through their off-platform concierge service. If you are donating through Overflow’s donor experience and your brokerage account is not one of the 10+ currently supported with a direct connection, you’ll be automatically connected with Overflow’s Donor Operations team.

Stock is one of the most tax-advantageous ways to give. By donating stock directly instead of liquidating the asset and donating the cash, you can save up to 20% in long-term capital gains taxes.

You can give any shares that are publicly traded on the U.S. stock market through Overflow. By donating assets that have appreciated in value for more than one year, you are more likely to maximize the potential tax benefits.

  • Donating appreciated stock that you’ve held for over a year allows you to deduct the full fair market value from your taxes and protect your realized gains from being subjected to long-term capital gains tax, which can be up to 20% depending on your tax bracket.
  • If you donate appreciated stock you’ve held for less than a year, you can avoid up to 37% in short-term capital gains taxes by donating that stock. You also can deduct the cost basis of the stock as a charitable gift.
  • Nonprofits are exempt from capital gains taxes, so your stock donation allows the nonprofit to utilize the full amount of the donated funds.

File Form 8283 for the 1040 tax return. To calculate how much to deduct from your taxes, the general rule of thumb is to deduct the fair market value which is the average of the high/low price of the stock on the day it was received by the nonprofit. This is for assets you’ve held for more than a year. The date the stock was received by the nonprofit can be found in the acknowledgment letter you receive from the nonprofit. Include this letter in your tax return.