First Draft Academy
Donate Stock
Why Donate Stocks?
Donating appreciated stocks is a powerful way to support our mission while maximizing your tax benefits. By donating shares, you:
- Avoid paying capital gains on the appreciated shares.
- Receive a tax deduction for the fair market value of your donation.
How to Donate Stocks?
Donating shares is an easy process. Your investment advisor can assist in the selection and allocation of appreciated stock as a donation. If your account offers online account access, charitable donations are usually a tab in the “transfer” section of your account.
FOLLOW THESE STEPS TO COMPLETE YOUR GIFT:
- Login to your investment or brokerage account.
- Look for an option called "Charitable Donations" in the Transfer menu.
- Contact your Investment Advisor or Customer Service for assistance if help is needed.
Provide Transfer Details
Use the following information to direct the transfer to our organization:
Organization/Charity name: Write on Sports
Brokerage Account Name: Fidelity Brokerage Services Inc.
Receiving Firm DTC Number: 0226
Receiving Account Number: Z40388175
FOLLOW THESE STEPS TO COMPLETE YOUR GIFT:
- Login to your investment or brokerage account.
- Look for an option called "Charitable Donations" in the Transfer menu.
- Contact your Investment Advisor or Customer Service for assistance if help is needed.
Notify Our Team
Please note that your brokerage will not inform us of incoming donations or the identity of the sender.
Once the transfer has been initiated, please contact cheryl@firstdraftacademy.org in our accounting department with the following information:
- Your name and contact details
- Name and number of shares donated
- Expected transfer date
Once we confirm receipt of your shares, we will send you a donation receipt. The Valuation Date* will be the day the shares are received. The Fair Market Value will be based on the average of the highest and lowest trading prices on that date.
If you have any questions or need additional assistance, we are happy to help. Please contact cheryl@firstdraftacademy.org if we can help in any way.
*See IRS Publication 561 (02/2024)