Stock Donations

Brokerage Account Information
Transfer stock to:
Brokerage – National Financial Services (Fidelity)
Account Number:AY3-000179
Name on account: Asha for Education
Asha’s Tax ID: 77-0459884
DTC number: 0226 (no code required)
Please notify  treasurer@ashanet.org  after you submit the transfer with your broker.

 

Stock Donation FAQ
  1. When is the donation complete for tax purposes?
    The date a gift is complete for tax purposes possibly determines not only the amount of the donor’s charitable contribution but also the year in which the gift is deemed made. If the donor instructs his or her own agent to have the stock transferred on the books of the issuing corporation to the ownership of the donee organization, the gift is not complete until the transfer takes place—which may be few business days later.
  2. How is the donation amount calculated?  Fair market value: For purposes of determining the amount of the donor’s charitable gift, the fair market value of publicly traded securities is generally the average of its high and low trading prices on the date of the transfer into the donee organization’s account (see above for determining date of transfer).
References