The advantage of a stock donation is that you – the donor – avoid paying capital gains tax on the market value appreciation of the shares. This tax benefit can reduce the cost of the gift when long or mid-term appreciated stock is donated.

How to Transfer Stock Electronically That is Held in a Brokerage Account

Transferring shares electronically via DTC (Digital Transport Communications) is the easiest way to give stock.

For physical delivery of stock (actual certificates and stock powers), scroll down for Physical Delivery.

DTC (Depository Trust Company) Transfer

Step One:

Direct your broker or custodian bank to make the transfer to Chabad of Cole Valley. Your broker or custodian bank is likely to ask you for a letter of instruction before the transfer can be made. Provide the following DTC transfer information for Chabad of Cole Valley to your broker or custodian bank:

  • Brokerage Account:  Schwab
  • Account Name:  Chabad of Cole Valley 
  • Account #:  81041985
  • DTC #:  0164
  • EIN (Tax ID):  27-4238237

Reference your name & purpose of gift (without this note, gifts are difficult to identify)
 

Step Two:

Notify Chabad of Cole Valley of your gift. Send a copy of your letter of instruction via any of the following methods:

    Email: rabbi@chabadcv.org

    Mail: Chabad of Cole Valley 
    1300 Shrader Street
    S. Francisco, CA 94117

Please be sure to include the following information:

  • Number and type of shares
  • Company name(s)
  • Purpose of gift
  • Date that you instructed your broker to make the transfer
  • Name of brokerage
  • Brokerage account representative

PLEASE NOTE: Your gift will be dated according to the day the shares enter Chabad of Cole Valley's clearing account. The value of your gift will be based on that date.

Year-end gifts: Be sure to allow extra time for the transfer from your broker’s account to Chabad of Cole Valley's account, and emphasize to your broker the importance of completing the transfer by December 31. When the 31st falls on a weekend, the transfer should be completed by the preceding Friday.

Physical Delivery

Step One

Fill out stock power form(s). You will need to fill out a separate stock power for each stock issue you wish to donate.

Step Two

Write a brief cover letter indicating the number and type of shares, the company(ies), and the purpose of your stock gift.

Step Three

Mail the certificate(s) without any endorsement or assignment along with your letter (Step Two) via first-class mail to:

    Mail: Chabad of Cole Valley
    1300 Shrader Street
    S. Francisco, CA 94117

Step Four

In a separate envelope, mail the stock power form(s) you filled out in Step One to the same Chabad of Cole Valley address.

Note: The date of your gift will be the date of the later of the two postmarks on the envelopes. We will value your gift based on that date. Year-end gifts must be postmarked by December 31 to be deductible for the current tax year. When the 31st falls on a weekend, we recommend mailing your gift by the preceding Friday to ensure it will be postmarked in time.

PLEASE NOTE: The IRS has determined that gifts and/or stock certificates sent via courier services other than the United States Postal Service (including Federal Express, DHL, UPS, etc.) can only be counted in the year they were sent if the Institute receives and signs for them no later than December 31. Normal USPS mail, including Express and Priority Mail packages, are the only packages for which the postmark can be used to determine the gift date.

If you plan to use a non-USPS service and the 31st falls on a weekend, your gift must arrive at Chabad of Cole Valley by 5 p.m. on the preceding Friday.

 

Thank you for your support!

Questions? Please email us at rabbi@chabadcv.org or call 415.786.5642