Mechanics of donating shares
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Thread: Mechanics of donating shares

  1. #1
    Senior Member
    Join Date
    Sep 2016
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    144

    Mechanics of donating shares

    Hi:

    There is a small local charity we support. Does anyone know how they would set up to receive donated shares. How would the actual donation happen if it and we have different brokers, would I need to get an actual stock certificate and donate actual paper?

    Thanks

    Hboy54


  2. #2
    Senior Member
    Join Date
    Nov 2015
    Posts
    385
    I'm sure the paperwork can very ab it, but I'm pretty sure it just happens as a transfer in kind to their brokerage. They issue the receipt for the FMV of the securities transferred. They can then sell the shares and use the money.
    You shouldn't need to get an actual stock certificate.

  3. #3
    Senior Member
    Join Date
    Apr 2013
    Posts
    328
    You fill out a form from your brokerage
    for example this is TDDI's:
    https://www.td.com/ca/document/PDF/forms/524386.pdf
    As NI says, you'll get a receipt and they receive the shares in their brokerage account.

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  5. #4
    Senior Member
    Join Date
    Sep 2016
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    Thanks guys.

    Hboy54


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