A great way to maximize your giving.
Do you own stock that has greatly appreciated in value? If you're looking for a way to expand your giving to Compassion, donating such an asset may be an excellent way to do that!
How does it work?
Donating appreciated stock allows you to contribute a sizable gift, even if the amount you initially invested was relatively small. For instance, perhaps you bought $1,000 of stock five years ago and that stock is now worth $5,000. By donating it to Compassion, you are able to donate $4,000 more than you originally invested.
And even though you paid only $1,000 for the stock, you receive a $5,000 charitable income tax deduction in the year you donate the stock. In addition, you avoid the capital gain tax or brokerage fee that may be incurred in selling a stock.
If you have owned a stock for at least one year and are interested in donating it to Compassion, just follow a few simple steps.
If you have possession of the actual paper certificate:
- Provide Compassion with a letter of instruction that includes the following information:
- indication of how you wish to have the funds from your certificate applied
-to your sponsored child
-to a specific supplemental fund
- the number and kind of shares you plan to donate
- a statement that the stock is a contribution to Compassion and that you release all claim to the stock
- In the same envelope, please include an Irrevocable Stock or Bond Power form.
- Your signature(s) on the form must appear just as it does on the stock certificate.
- You need to sign the form in the presence of a bank officer to receive a medallion signature guarantee. (Please be aware that a signature guarantee is not the same as a notarized signature and cannot be substituted in this transfer.)
- In a separate envelope, please mail the unsigned stock certificate to Compassion by registered mail with a request for a delivery receipt. Our address is:
Compassion International
Attn: Donor Relations
12290 Voyager Parkway
Colorado Springs, CO 80921
For a broker-to-broker exchange:
- Send Compassion a letter or e-mail of instruction as noted above.
- Contact us to obtain our brokerage information.
Want to learn more? Contact us about gifts of stock.