Stock Donations

Gifts of Appreciated Stocks or Bonds to Benefit Youth In Need

This type of gift allows the donor the potential to save in three ways:

• Charitable tax deduction, including a 50 percent Missouri State Tax Credit (if applicable)
• The avoidance of capital gains taxes
• Reduction of estate taxes

To make a donation of stock, the donor’s broker will need to contact Youth In Need’s broker.

Youth In Need’s broker account information:
Charles Schwab
DTC #0164; Code 40
Youth In Need’s account # 64315631
Youth In Need’s tax ID # 43-1033862

Documentation Needed from the Donor

Once the transfer is complete, a document is needed from the donor’s broker indicating the transfer of stock from the donor’s broker to Youth In Need’s broker and must contain the following information:

• Name and address of donor
• Name of security or securities
• Number of shares transferred
• Date of donation (transfer date)

Youth In Need’s Responsibility

• Youth In Need will receive written documentation from Charles Schwab on the sale of the stocks or bonds, the number of shares sold and the date transferred. The value of the stock for tax-credit purposes will be determined by the date received and will equal the high value of the stock on the date used. The value of the stock as a charitable deduction for tax filing will be determined by the date received and will equal the average of the high and low values for the stock on the same date.
• Youth In Need will send receipt of the donation, along with the NAP/YOP application form (if applicable) and instructions on its completion to the donor.
• Upon receipt of the completed tax credit application (if applicable) and the required documentation from the donor, Youth In Need will approve and submit the documentation to the state of Missouri for processing. A tax credit letter will be issued directly from the state to the donor.