Stock Donations: A Tax-Savvy Way to Give Back

Turn Your Gains Into Good: Donate stock or give through your donor-advised fund to support our mission and maximize your impact while saving on taxes.

Save on TaxesAvoid capital gains taxes and maximize your charitable deduction.
Easy ProcessFollow our simple steps to donate stock or use your donor-advised fund.
Maximize Your ImpactTurn your appreciated assets into meaningful support for our free services.

Have questions about donating stock, or setting up or using your donor-advised fund? Contact us below!

FREQUENTLY ASKED QUESTIONS

What is a Donor-Advised Fund (DAF)?

A donor-advised fund (DAF) is a charitable investment account that allows individuals to contribute assets to support charities while receiving tax benefits. DAFs are one of the most popular ways to donate to charity because they are easy to set up and offer tax advantages.

Once you establish a giving account, you can then donate cash, stocks, or non-publicly traded assets such as private business interests, cryptocurrency, and private company stock to be eligible for an immediate tax deduction.

Examples of popular providers of DAFs include Fidelity Charitable, Schwab Charitable, Vanguard Charitable, National Philanthropic Trust, Goldman Sachs Philanthropy Fund, and Silicon Valley Community Foundation.

How to donate stock through your Donor-Advised Fund

Log In to Your Donor Advised Fund Account
Access your donor-advised fund through your provider’s online portal or by contacting them directly.
Select Your Stock
Choose the stock you’d like to transfer. Consider selecting appreciated securities for the greatest tax benefit.
Recommend a Grant
Use your Donor Advised Fund to recommend a grant to Gennesaret Free Clinics. Provide the following details to your Donor Advised Fund administrator:
- Our legal name: Gennesaret Free Clinic
- Tax ID number: 35-1776518
- Mailing address: 615 N Alabama Street, Suite 136 | Indianapolis, IN 46204
- Contact email: abaker@gennesaret.org
Notify Us of Your Gift
To ensure we can acknowledge and properly steward your gift, please email Amanda Kay Baker, Director of Development, at abaker@gennesaret.org with the details of your donation, including the name of the stock, the number of shares, and your Donor Advised Fund provider.

Why give stock?

Gifting appreciated stock can provide significant tax advantages. When you transfer stock directly to Gennesaret Free Clinics:

Avoid Capital Gains Taxes: By donating stock rather than selling it, you avoid capital gains taxes, allowing you to give more.
Tax Deduction: You can deduct the full fair market value of the stock on your federal income taxes, up to the allowable limit.
Meaningful Impact: Your gift helps us make a lasting difference in the lives of those we serve.

Can I give stock without a Donor-Advised Fund?

Absolutely!

All you need to do is reach out to your brokerage or financial advisor to initiate the stock transfer. You will need to provide them with:

The name and number of shares of the stock you want to donate.
Our brokerage account details (available upon request).
Instructions to transfer the stock directly to the our account (to avoid triggering capital gains taxes).

Once the transfer is initiated, let us know about your gift so we can properly acknowledge your donation and provide you with a receipt for your tax records. Include:

Your name and contact information.
The stock name and number of shares donated.
The date of transfer.

We will issue a tax receipt. The receipt will include the fair market value of the stock on the date of transfer, which you can use to claim your charitable deduction.

If you have questions about donating stock or need our account details, please contact Amanda Kay Baker, Director of Development, at abaker@gennesaret.org or 317.536.2835. We’re here to help!