Donations of Securities/Stocks
If you have owned a corporate stock for at least 12 months, and donate that stock to Operation Gratitude, the IRS allows you to deduct its full market value without paying any tax on the long-term capital gain. This benefits both you and Operation Gratitude: You get an additional tax deduction and Operation Gratitude receives a larger gift than if you had sold the stock, paid tax on the gain, and given the remainder to Operation Gratitude. And most importantly, you will have a significant impact on the lives of our warriors in harm’s way and their families at home.
We welcome donations of stock through our Charles Schwab brokerage account. Here is the information you will need:
Account name: Operation Gratitude
Account Number: 3106-8374
DTC Number: 0164
Account consultant is Kiley Dean Schmit
For further information please contact Cheryl Zerah at Cheryl@operationgratitude.com
Upon your verification of transfer, please send an email to Cheryl@operationgratitude.com with:
1. The name, mailing address, email address and phone number of the donor;
2. The name, symbol and number of shares of the stock transferred; and
3. The actual date of transfer.
We will determine valuation based on an average of the high and low of the stock on the date of transfer and send a formal letter of acknowledgment to the donor. If you transfer stock before December 31, you can claim the tax deduction on that year’s tax return.