Donating Stocks or Securities

TAF accepts stock gifts through a simple stock transfer process.

When you give the Technology Access Foundation a gift of stock that you have held for at least 18 months and that has increased in value, you:

• Claim a charitable gift deduction on your current year taxes.
  
• Don’t pay capital gains taxes you would owe if you sold it yourself.
  
• Don’t pay broker fees on the sale.

To receive the full tax benefit, it is very important that you donate your appreciated stock directly to Charles Schwab (our broker). See the sample transaction at the end of this section.

Giving Stock Is Easy

To begin the electronic transfer process, call your broker and provide the following delivery information:

Charles Schwab
DTC #0164, code 40
Account Number: 8741-7834

For our records, we require the following information. Please have your broker send us a letter stating:

• Name of stock and number of shares
• Date of Gift
• Value of stock on gift date
• Name of Donor (please provide your address if it has changed)

For your convenience, we have provided a blank form to guide you through the process. Download the Stock Transfer Form. After filling out the necessary information, give one copy to your broker and send a copy to the Technology Access Foundation:

E-mail to leeb@techaccess.org

Or mail:
Technology Access Foundation
3803 S. Edmunds Street
Seattle, WA 98118

Sample Transaction

Two years ago, you purchased 200 shares of Widgets-R-Us Co at $10 per share. If you were to sell that stock today for $60 per share, you would pay a 20% capital gains tax, or $1,800.

Thank you for choosing to donate to a gift of stock to Technology Access Foundation.

For more information

If you want to learn more about donating stock, contact:

Lee Benner
Development Officer
leeb@techaccess.org
(206) 725-9095, ext. 21