Are you planning to donate stock this year using a discount broker? If so, please begin the process now. We have learned that end-of-year transfers can take up to a month to reach us, and unfortunately, the date the stock hits our account is the date that determines the date of the gift—and, therefore, the year in which you may claim the deduction. Here’s the information you’ll need if you’re transferring the shares electronically:
For DTC Transfers: “Ameritrade Clearing #0188” Ameritrade, Inc. 1005 N. Ameritrade Place Bellevue, NE 68005 888-871-9007 For further credit to: Institute for Justice Tax ID #52-1744337 Account No. 782989101
If you have paper stock certificates to donate, or if you need further information, please contact Beth Stevens here at IJ at (703) 682-9320 ext. 233 or firstname.lastname@example.org. Many thanks for your continued support.
Did you know?
By donating appreciated securities you have owned a year or more to IJ, not only do you receive an income-tax deduction equal to the fair-market value of the shares—no matter how little you paid for them—but you also avoid paying capital gains taxes on the appreciation.