Donate to HopeLab: Gifts of Stock

Why make a gift of stock?

If you itemize your tax returns, gifts of securities entitle you to a federal income tax charitable deduction. Here are a few things to keep in mind:

  • If you donate securities, you may deduct the full fair market value of your gift.
  • You are permitted to carry any unused deduction forward for up to five additional years.
  • In addition, you will avoid paying capital gains tax on the stock you donated to HopeLab.

To make a gift of stock, you will need to contact your broker or access your online investment account to make an electronic transfer to HopeLab. Because electronic transfers are made without identifying the donor, please alert us in advance about the stock and number of shares you plan to give. You can do so by e-mailing donations@hopelab.org or calling (650) 569-5924. According to IRS regulations, the date of your gift corresponds to the date it arrives in our possession (for transfers from brokerage account to brokerage account). Following is the information necessary to transfer stock to our account:

Electronic Transfer

If your stock is held in a brokerage account, your broker can transfer your gift electronically. He or she will need the following information:

DTC #: 0005
Account Name: Goldman Sachs & Co.
FFC HopeLab Foundation
Account #: 026-41839-2-007

Physical Delivery

If you hold the securities, mail or hand deliver the certificate(s) without any endorsement or assignment to:

HopeLab Foundation
Attn: Dan Cawley
1991 Broadway Street, Suite 136
Redwood City, CA 94063

In a separate envelope, mail or deliver a signed stock power form for each gift — except for your signature, the stock power form should be blank — and gift letter. The gift letter should state your intention to make a gift of the securities to HopeLab Foundation.

You can request a stock power form by calling (650) 569-5924 or emailing us at donations@hopelab.org. You can also obtain a stock power form from your bank or broker. Please sign the stock power exactly as your name appears on the stock certificate.

Questions?

If you have any questions about giving stock to HopeLab, call (650) 569-5924 or send an email to donations@hopelab.org.