Donating savings bonds to charity

Donating savings bonds is one way to make a charitable gift to a nonprofit organization, like St. Jude Children’s Research Hospital. Learn how a savings bond can benefit the children of St. Jude.

St. Jude patient Charlie

How to donate savings bonds to kids' charities

Different types of bonds adhere to different rules. For example, some savings bonds are nontransferable. To donate a nontransferable savings bond, you might consider donating the proceeds of a redeemed bond or leaving it to a charity in your estate plans.

Depending on the type of savings bond you own, there may be multiple ways to donate it to a charity, like St. Jude Children’s Research Hospital. Contact us to determine the best way to donate a savings bond to St. Jude.

Donating the proceeds of a redeemed savings bond

For savings bonds that can’t be transferred, individuals may donate the proceeds from the redemption of a savings bond. Although the accumulated interest must be accounted for as taxable income, a donation of the of the proceeds to St. Jude can be claimed a charitable itemized deduction.

A tax deduction from a charitable contribution may offset the tax burden of the accumulated interest of a savings bond.

St. Jude patient Ava

St. Jude patient Eli poses for a studio portrait with his mom — St. Jude patient **Eli** and his mom

Making a legacy donation to charity with savings bonds

You may leave savings bonds to a children’s charity, like St. Jude, in your estate plans through a will or a charitable remainder trust. Savings bonds that are bequeathed to a charity in a will may not increase the tax burden on heirs.

Types of savings bonds to donate to St. Jude

There are two types of bonds that you can leave to St. Jude:

Government bonds
Treasury bonds

As the rules governing different types of bonds vary, please contact us to learn more.

ALSAC/St. Jude Children’s Research Hospital does not provide tax, legal or accounting advice. This material is prepared and made available to you for informational purposes only and is not intended to provide or be relied upon for tax, legal or accounting advice. You should always consult a tax professional to determine your particular tax benefits that may result from any particular type of gift to charity.

Please use the following legal name and tax identification:

ALSAC/St. Jude Children's Research Hospital
501 St. Jude Place
Memphis, TN 38105

Tax ID Number:
62-0646012

We are a tax-exempt, charitable institution listed in the Federal Internal Revenue Service Publication #78, "Cumulative List of Organizations," revised IRS Code 501(c)(3).

Why donate to St. Jude?

Families never receive a bill from St. Jude for treatment, travel, housing or food — so they can focus on helping their child live.

When St. Jude opened in 1962, childhood cancer was considered largely incurable. Since then, St. Jude has helped push the overall survival rate from 20% to more than 80%, and we won't stop until no child dies from cancer.

Every child deserves a chance to live their best life and celebrate every moment. When you support St. Jude, you can help make cures possible for kids with cancer. Together, we can save more lives.

Have you left St. Jude in your will or estate plan?

As an acknowledgment of your generosity when you give a gift to St. Jude through your will or estate plan, you become a member of the Danny Thomas – St. Jude Society, and we recognize your commitment to the mission of St. Jude in a variety of ways.

Learn How We Honor Your Generosity Explore More Planned Giving Options