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> From my dabblings in the non profit space, I'm finding many are unprepared to accept anything aside from cash. If you’re donating huge amounts of money, you
by PragmaticPulp 5y ago
> From my dabblings in the non profit space, I'm finding many are unprepared to accept anything aside from cash.
If you’re donating huge amounts of money, you have lawyers to help those companies figure it out.
If you’re a small-time donor, trying to saddle a tiny non-profit with all of the extra hassle and legwork of accepting appreciated shares just so they can take your one-off donation is counter-productive (unless they're already set up for this, obviously). They might end up spending more time and money figuring out how to deal with your single donation than they would gain from accepting it, which is why they don’t bother.
The solution is easy, though: Set up a “Donor Advised Fund” through any number of major brokerages. They will handle the liquidation of your shares and mail a check to the charities you choose. Couldn’t be easier for both you and the charity.
- fsckboy 5y ago> all of the extra hassle and legwork of accepting appreciated shares just so they can take your one-off donation is counter-productive going to etrade.com and opening an account, followed up by mailing proof of being a nonprofit? It's as easy as that, I ask charities to do it all the time.