DONATING STOCK directly to the Washington Community Foundation is one of the most tax-friendly ways to give.
Key Benefits include:
Avoid Capital Gains Tax
Receive a Larger Tax Deduction
Maximize Your Impact
Transfer your stock to the WCF’s brokerage account.
This is the best and least expensive way for donating stock, so that even more of your gift ends up benefiting your favorite cause or organization through the Washington Community Foundation. When you direct your donation of stock, it is most helpful if you notify us that the stock is coming, the number of shares, and into which fund(s) you would like the donation placed.
The easiest way to do this is to click the button below and fill out the stock transfer notification form. The form also contains the DTC Transfer Instructions that you and/or your broker will need. Then:
Forward or email one copy to the Washington Community Foundation, for our awareness only.
Forward one copy to your stockbroker to actually initiate the transfer of stock directly into Washington Community Foundation’s Schwab Charitable Account at Charles Schwab. Please be aware that there is likely to be some follow-up required between you and your broker to finalize the donation of your stock.
For the best tax benefit, please do not sell the stock before donating. Instead, transfer the stock directly to the Washington Community Foundation, and we will handle the liquidation. The processing fee is minimal – approximately 0.0028% (28¢ on a $10,000 gift). If you’d like help setting this up, please contact us and we’ll guide you through the process.