Did you know stock gifting is the most tax-friendly way to support our mission?
When you donate stock, you may avoid the tax on the gain while deducting 100% of the appreciated value of the Contribution.
Moreover, when you donate stock rather than selling it first, we get to keep the proceeds that would have gone to pay taxes - it’s a win-win for you and us! As illustrated below, the savings add up!
The above graphic is for illustrative purposes only. Be sure to consult your tax advisor for your own personal tax implications from donations of stock.
It’s fast, safe and free to donate stock to the Morton Community Foundation (fees are deducted from proceeds of the stock sale).
We offer two methods of gifting stock. With Method #1, our Easy Button for Stock Gifting, you can donate stock in minutes at no cost. With Method #2, it requires a bit more effort on your part, but the fees are much lower.
So, remember, charitable giving doesn’t always mean cash. By gifting stock, you can have greater impact — without denting your pocketbook.
TWO METHODS OF GIFTING STOCK…
Method #1 - The DonateStock Easy Button
If you’re new to stock gifting, or if you would like to choose the easiest and quickest way to donate stock, click the DonateStock “Easy Button” below and follow instructions. Processing fee 3.9%, up to a maximum of $3,000 per donation (Example: $390 on a donation of $10,000), You can complete your donation in just a few minutes.
Method #2 - Transfer your stock to the MCF’s brokerage account.
This method is by far the least expensive method for donating stock, so that even more of your gift ends up benefiting your favorite cause through the Morton Community Foundation. Believe it or not, stock transfers into our account most often do not arrive with information about who donated the stock. When you direct your donation of stock, it is most helpful if you notify us that the stock is coming, the number of shares, and into which fund(s) you would like the donation placed.
The easiest way to do this is to click the button below and fill out the stock transfer notification form. Then,
Forward or email one copy to the Morton Community Foundation, for our awareness only.
Forward one copy to your stockbroker to actually initiate the transfer of stock directly into the Morton Community Foundation’s Schwab Charitable Account at Charles Schwab. Please be aware that there is likely to be some follow-up required between you and your broker to finalize the donation of your stock.
For you to get the most favorable tax benefit, please do not sell the stock, and then give the proceeds to the Morton Community Foundation. Instead, transfer the stock directly to the MCF and we will liquidate it. Processing fee approximately .0028% (Example: about 28¢ on a donation of $10,000). If you need help with making this happen, please call the MCF office and we can guide you.