There are tax advantages when donating appreciated stocks:
- You can deduct the fair market value of the stock at time of donation when you file your tax return.
- By donating stocks that have appreciated, you are actually giving 20% or more than if you sold them and then made a cash donation, due to avoiding capital gains taxes.
- Hidaya Foundation does not pay any tax when it sells the donated stocks, which makes your donation more impactful.
Please consult with your CPA or tax accountant to see how you can take advantage in your situation.
You may donate stocks or mutual funds to Hidaya Foundation by filling out a DTC request form with your brokerage firm. Please use the following information for our brokerage account.
438 E El Camino Real, Sunnyvale, CA 94087-1938
(408) 552-3002 / (800) 435-4000
Account Name: Hidaya Foundation
Account Number: 4338-0439
DTC Number: 0164, Code 40
After giving instruction for transferring your stocks to Hidaya Foundation account, please fill out the Stock Donation Form by clicking on the button below.
Stock Donation Form
Donation receipt will be issued based on the price of the stock on the date they are transferred to our brokerage account.