Tax-Wise Giving: Donating Stock
You can make a bigger impact by donating long-term appreciated securities, including stocks and bonds to Impact Africa. When you sell your stock, you may incur a large tax deduction. If you choose to donate your stock, you could eliminate capital gains tax and you may also receive tangible tax savings, with the benefit of supporting our mission to serve, educate and rescue.
A gift of stock may be right for you if:
- You are holding stocks that have appreciated in value for more than one year.
If your stocks are highly appreciated, you may have a higher tax bill when you decide to sell, by using these securities as a gift, you could avoid the capital gains tax on any paper profit. - You want to maximize your deduction without affecting your liquidity.
If you decide to make a gift of stock, you could retain your cash assets, and receive a charitable tax deduction for the full fair market value of the stock that you’ve owned for more than one year.
Your gift of appreciated stock to Impact Africa will help us help us educate children, rescue abandoned babies and advance the Gospel here in South Africa. Please remember to always consult your tax advisor when you decide to buy, sell or donate stocks and bonds.
Feel free to contact us if you have any further questions;
Phone (Int.): (011)+27 82-484-2174
Phone (RSA): 082-484-2174
Email: office@impactafrica.org
STOCK DONATION TRANSFER
Securities can be gifted to Impact Africa in two ways;
- Electronically or,
- By physically mailing certificates.
Both methods are acceptable, please remember to contact your broker to initiate the transfer.
If Sending Electronically
Cambridge Investment Research
c/o National Financial Services
DTC Number: 0226
Acct Name: IMPACT AFRICA
(TAX ID# 20-0118718)
Acct Number: B9F-737161
Please CC, Office@impactafrica.org
Note: Stock certificates registered in Impact Africa’s name do not require the stock waiver or stock power for the transfer.
If Sending By Registered Mail
IMPORTANT: Mail your UNENDORSED certificates with a Stock Power form to:
IMPACT AFRICA
1101 Miranda Lane
Kissimmee, FL 34741-0769
Note: Stock certificates registered in Impact Africa’s name do not require the stock waiver or stock power for the transfer.
WIRE TRANSFERS, ACH, EFT PAYMENTS
For those who wish to gift Impact Africa electronically, it may be done electronically or via wire transfer.
Please follow the instructions below, or reach out to office@impactafrica.org if additional support is needed.
Domestic & International
“Impact ME is not only changing me like the name suggests, but also the people around me.”
- Cori Bridgford, Class of 2013“I have been learning so much about God’s heart for His people all around the world and how there is such an urgency to share the Gospel with these people who don’t know.”
- Sarah Tapp, Class of 2012“We had an amazing 9 days with this first class ministry team! Thanks for all you are sowing in to South Africa!”
- Rebecca Cobbledick