Donate stock

Impact Austin accepts donations of stock in publicly traded companies. We sell the shares immediately after transfer to us. So, if you want to use the stock sale as your membership contribution, the net proceeds must be equal to or greater than $1,000 (which means you will need to cover all sales commissions and expenses). 

If you’d like to make a gift of stock, please indicate this on the membership information form. In addition, please instruct your broker to make the electronic transfer to:

Compass Brokerage
DTC #0443
For the Account of Impact Austin Foundation, Inc.
Account # 5AC053728
Attention: Justin Davis, (512) 421-5949

Please include your name and address with the transfer. For a sample instruction letter to your broker, click here for a Word document you can edit and use.

A donation using appreciated stock can provide tax advantages to you, including:

1. Allowing you to avoid paying federal (and state, if appropriate) taxes on the capital gain.
2. Providing an income tax deduction for the full fair market value of your gift, if you itemize deductions on your tax return and have held the assets for one year or longer.
3. Enabling you to make a larger gift than you could if you simply sold the stock, paid capital gains taxes and donated the net proceeds.

(NOTE: Before you make a gift of appreciated securities, please consult your financial planner or tax advisor to determine how the potential tax advantages described here apply to your specific situation.)

If you have any questions, please contact us.