Set Up Your Organization to Receive Stock Donations - Options Below
In the past two weeks, three nonprofits I'm familiar with needed to quickly process a stock gift from a donor, thus inspiring me to post.
Why have a process? What policies do I need to have in place? Let's talk.
A. Stock gifts beget more gifts.
B. Organizations that process stocks and mutualfunds attract donations that others do not.
C. Stock gifts are often larger than average gifts to charity.
More than a handful of professionals have written primers, so I'm dropping some here. You can also work with a local financialplanner in your network to keep things close to home. I'm biased in favor of that.
From FreeWill: https://lnkd.in/eMcqePPB
Fidelity Investments: https://lnkd.in/eDBABH7r
You could process your stock gifts through Vanguard Charitable: https://lnkd.in/eNdrN5j8
One more, Infinite Giving helps you to set up a brokerage account: https://lnkd.in/eVsimY3V
You're welcome!