Stock and mutual funds

Retrieve the information you need to facilitate a client contribution of stock, ETFs, and/or mutual funds.

With the Foundation Source DAF program, it is easy to help your client make a contribution of long-term appreciated securities, enabling them to deduct the full fair market value of the donated asset, avoid capital gains taxes, and use the full liquidated value for charitable giving.

There are two ways to support your clients as they contribute securities:

• Stocks & ETFs: provide instructions for your client to make a gift of stock or ETFs to their unique Charityvest receiving account.

• Mutual Funds: if your client's contribution contains mutual funds, it will need to be sent to the omnibus receiving account, and include relevant client information in the memo field.

Does your client's contribution contain mutual funds?

The receiving account for mutual funds is different than that of stocks & ETFs. Ensure your client or their financial advisor follows the instructions for mutual funds, so the transfer is successfully processed.

Stocks & ETFs

To facilitate a contribution of stock on behalf of your existing DAF clients:

• Log in to your PCA admin account Dashboard.

• Click on your client's name to expand their profile.

• Click the Make a contribution button (only available once a client has accepted their invitation).

• Select the Donate ETFs, equities, or fixed income button.

• On the Contribute stocks and ETFs screen, retrieve your client’s unique account information.

• Share this information with your client or their financial advisor to equip them with the details needed for this contribution. Their brokerage will have a process in place to initiate a charitable gift of stock. Once the contribution is received by Charityvest's partner brokerage, it will automatically be liquidated and the proceeds will be posted to your client's balance.

Mutual Funds

To make a contribution of mutual funds on behalf of your existing giving program clients:

• Log in to your PCA admin account Dashboard.

• Click on your client's name to expand their profile.

• Click the Make a contribution button (only available once a client has accepted their invitation).

• Select the Donate mutual funds button.

• On the Contribute publicly-traded securities screen, retrieve the omnibus mutual fund receiving account information.

• Share this information with your client or their financial advisor to equip them with the details needed for this contribution. Their brokerage will have a process in place to initiate a charitable gift of mutual funds. Once the contribution is received by Charityvest's partner brokerage, it will automatically be liquidated and the proceeds will be posted to your client's balance.

Want to verify your client's mutual fund contribution will be allocated to the correct account? Please ensure your client or their financial advisor includes the recipient client account holder full name and email in the memo field of their mutual fund transfer if possible. Otherwise, contact Charityvest at [email protected] to verify the transfer details.

Tax considerations

Upon a successful contribution of stock and/or mutual funds, your client will receive an estimate of the tax-deductible value of their stock and ETF donations at the time the gift is posted to their account.

For stocks and ETFs, Charityvest uses the IRS recommended method; the simple average price of the publicly-traded security on the day Charityvest receives it. Specifically, Charityvest takes the day's low price and the day's high price, and averages them.

Ultimately, it is your client's responsibility as the taxpayer to accurately represent and claim a tax deduction on their income taxes; all information provided by Charityvest is for convenience only. For more detail, you can direct your client to the appreciated asset tax matters section provided in the Charityvest public guide.

Curious to learn more about the Foundation Source DAF program? Contact [email protected] for any program or product-related matters.