Donating securities can be a tax-efficient way to support SBA.
If you sold your own securities, you’d have to pay capital gains tax on your investment. By donating your securities to SBA instead, you can often avoid capital gains tax, but take a full income tax deduction based upon your stock’s current market value on the date of your transfer.
SBA accepts donations of stock via DTC electronic transfer. Contact your broker to find out if there is any paperwork required on their end. Then provide your broker with the following account information for the transfer:
Organization Name: Spina Bifida Association of America, Inc
Account: Edward Jones Account #685-22249-1-1
Please let us know the date of the transfer so that we can locate the shares, confirm receipt, and issue an acknowledgment directly to you or through your broker. We will need your name, contact information, e-mail address, stock name, and number of shares to acknowledge the gift.
Questions? Contact our Development Department at 1-800-621-3141 x23 or firstname.lastname@example.org.
“We give to SBA because we know that the money goes to a number of wonderful projects. Our monthly credit card donation is an easy way to donate. Every dollar makes a difference. SBA has been on our list since our sweet Lisa was born in 1972. We have been so grateful to SBA for all they do. Our involvement has truly made a difference in our lives.”