Making a gift of stock to the Spina Bifida Association (SBA) is a wonderful way to provide support to the Spina Bifida community. If you sold your own securities, you’d have to pay capital gains tax on your investment. By donating your securities to SBA instead, you can not only avoid capital gains tax, but take a full income tax deduction based upon your stock’s current market value on the date of your transfer.
SBA accepts donations of stock via DTC electronic transfer. Contact your broker to find out if there is any paperwork required on their end. Then provide your broker with the following account information for the transfer:
Organization Name: Spina Bifida Association of America, Inc
EIN: 58-1342181
Account: Edward Jones Account #685-22249-1-1
DTC: #0057
Please let us know the date of the transfer so that we can “locate” the shares, confirm receipt, and issue an acknowledgement directly to you or through your broker.
Questions? Contact Elizabeth Merck, Director of Development, at (202) 618-4754 or emerck@sbaa.org.