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Re: BWIS post# 295581

Monday, 07/20/2020 9:54:28 PM

Monday, July 20, 2020 9:54:28 PM

Post# of 700520
Donating appreciated shares is the tax efficient approach. Assuming US taxation:

Make sure the charity is properly registered as a 501c3. Ask for a copy of their Form 990 and/or check them out on Guidestar. That's minimum due diligence for non-profits.

Ask if they are set up to receive stock donations. You'll need to send your broker a Letter of Authorization which requires some info from the recipient. It should include:

Your Name as shown on account
Account number
Stock to transfer (name and ticker or CUSIP)
Number of shares to transfer (and ideally number remaining as a check)

Recipient info:
Name
Address
Phone
DTC
Broker
AccountID





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