Donating stocks is a great way to relieve tax, whilst giving a real and genuine impact to children in need of education in Bali

Why Donate Stocks?

Avoid Capital Gains Tax: When you sell appreciated stocks, you’re subject to capital gains taxes. By donating the stock directly to a tax-exempt nonprofit, you pay no capital gains tax, and neither does the charity. This way, the amount that would have gone to the IRS as taxes stays with the organization.
Tax Deduction: You’ll receive a tax deduction for the full fair market value of the stock at the time of the transfer. The deduction limit for gifting stock to a public charity is up to 30% of your adjusted gross income, with any excess carried over for up to five years.
Efficient Giving: If you have gains in your investment portfolio, donating stock allows you to give more efficiently. Selling shares and paying taxes can reduce the value you ultimately donate, whereas donating stock directly ensures the full value benefits the charity.

Step 1: Provide Necessary Information

Donor Details: Give your name and contact information.
Security Details: Specify the stock/fund name, symbol/ticker/CUSIP number, and number of shares.
Broker Information: Request that your stocks are transferred using the following details:
- Broker: Charles Schwab & Company
- DTC Number: 0164
- Account Number: 5169-4694
- Tax ID Number: 26-0014889

Step 2: Contact Your Broker

Initiate Transfer: After noting down the above information, pass this on to your broker, along with instruction as to the number of stocks and the ticker of which you are donating.

Step 3: Complete the Transfer Form

Your broker will confirm the transfer with you, but please also Get in Touch to let Bali Children’s Project know too.
Fill Out Form: Use the “Stock Donation Transfer” form as a template to provide all required details.

Step 4: Finalize the Donation

- Confirm Transfer: Ensure all information is correct and authorize the transfer to the charity’s account.