Donate by Stock, Bond, Mutual Fund, or IRA
By donating stocks, bonds or mutual funds, you can help protect communities and the environment while receiving tax advantages. When you transfer ownership of stock, you receive a charitable tax deduction for its full market value and incur no capital gains tax (subject to IRS deduction limits) on shares held for at least one year.
To make a stock gift, please contact Ann Corbett, Philanthropy Director, at (202) 887-1872 x106 or acorbett@earthworks.org so that we may properly track and acknowledge your gift. Then ask your broker to transfer the stock to Earthworks. Our broker is Fidelity Investments, DTC# 0226, account number # Z04474256.
We will confirm receipt of the gift as soon as we receive it.
If you own stock that is worth less now than when you bought it, it may be advantageous to sell the stock, take a capital loss on your tax return, and donate the proceeds to Earthworks. Consult your financial advisor first about the potential tax benefits.
Individual Retirement Account (IRA) Charitable Rollovers
If you are over 70.5 years old and have an IRA account, you must take a Required Minimum Distribution (RMD) annually. If you send your RMD to Earthworks by making a qualified charitable distribution (QCD), your withdrawal is free of income tax. You can give any amount, up to $100,000.
