Benefits of donating stock to charity
Donating stock to a charity has benefits for both donors and nonprofits.
What are the tax benefits of donating stock to charity?
Donating stock directly to a charitable organization, like St. Jude, can increase the amount of money received by the charity while reducing tax burden for the donor. When you donate appreciated securities (investments that have increased in value from the time they were purchased), some individuals and households may be able to take advantage of IRS tax provisions to claim a charitable tax deduction for the full, fair market value of the securities. This means you may avoid paying capital gains tax on the transfer.
Your financial advisor can explain the possible tax benefits depending on whether the stock has appreciated or lost value since the time you acquired it.
How does a charity benefit from a stock donation?
Another benefit of donating your stocks directly to a charity is that the charity can receive a larger donation than if you donated the cash from the sale of those stocks. When you donate stock to a charity, you typically do not have to pay taxes on the gains of the stock.
Choose what type of stock and how many shares you want to donate
You will need to know the name of the stock and its ticker symbol if it is a publicly-traded stock. For nonpublicly traded stock, please contact us at (800) 395-4341.
Contact your financial institution to request the transfer
Provide your advisor or broker with the following wiring instructions:
DTC ID #0226 for further credit to St. Jude Children’s Research Hospital
Account #003-314773 at First Horizon Advisors
Contact us to inform us of your gift
Please contact us in advance at (800) 395-4341 or email@example.com to inform us that you are gifting stock to St. Jude in order to receive your tax receipt.
Look for a tax receipt and acknowledgment letter for St. Jude
You will receive an acknowledgment following your donation to confirm your gift was processed.
To claim the tax benefits of donating stock to St. Jude, report the stock donation when you file your tax return.
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.
Tax ID Number:
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.
Our Gift Planning department has a representative in your area who can provide further information or help you prepare the right questions to ask your financial advisor to determine what type of planned gift may be right for you.
Email firstname.lastname@example.org, call (800) 395-1087, or fill out the form below, and a St. Jude representative will contact you.
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.
You might also be interested in: