You can sell your stock and then donate what’s left over after you pay capital gains tax, or you can donate securities directly. But with the second option, you get a bigger deduction and A Child’s Hope gets a bigger donation! A Child’s Hope Int’l has an account with Ameritrade– solely for the benefit of our donors (we do not buy stock or commodities). Feel free to contact them first if you have any questions.
As with any donation, please consult with your tax adviser regarding the timing, value and documentation required for federal income tax benefits. As always, please feel free to the call the offices of A Child’s Hope Int’l at 513-771-2244 if we can assist in your donated stock or assets.
Ameritrade
7835 Kenwood Road
Cincinnati, OH 45236
513-977-2300
A Child’s Hope Int’l account number is #421006813
The Ameritrade Direct Transfer Code (DTC) is 0188