Thanks for sharing, I agree this is likely a very underutilized donation method relative to the potential increased impact (and realistically probably encourages people to give more than they would in cash).
Has anyone used this service? https://donatestock.com/ (looks like they email your brokerage, and then cash out the stock through their non-profit and distribute to the end nonprofit (unless that nonprofit indicates to donatestock they want the actual asset).
I think a DAF is probably just the best logistical answer, I know Daffy has been gaining traction and seems to also push people in this direction (though I haven’t tried it out myself).
I’ve also seen https://donatestock.com/ and was curious about the user experience, but when i loosely explored it, I didn’t see it as particularly helpful for donors. First, not all the charities I wanted to donate to were readily listed (e.g. The Life You Can Save). Second, it didn’t seem much easier than just filling out the e-form on my banks’ website. DonateStock seems to only facilitate one-time stock donations, rather than offering a monthly recurring option (as I’d like to see) which I see as the real problem solver here.
Thanks for sharing, I agree this is likely a very underutilized donation method relative to the potential increased impact (and realistically probably encourages people to give more than they would in cash).
Has anyone used this service? https://donatestock.com/ (looks like they email your brokerage, and then cash out the stock through their non-profit and distribute to the end nonprofit (unless that nonprofit indicates to donatestock they want the actual asset).
I think a DAF is probably just the best logistical answer, I know Daffy has been gaining traction and seems to also push people in this direction (though I haven’t tried it out myself).
Notably the DAF option excludes you from many giving opportunities, including (in the US) 501c4 advocacy organizations and political campaigns.
I’ve also seen https://donatestock.com/ and was curious about the user experience, but when i loosely explored it, I didn’t see it as particularly helpful for donors. First, not all the charities I wanted to donate to were readily listed (e.g. The Life You Can Save). Second, it didn’t seem much easier than just filling out the e-form on my banks’ website. DonateStock seems to only facilitate one-time stock donations, rather than offering a monthly recurring option (as I’d like to see) which I see as the real problem solver here.
Would be curious to hear from others on this