Overflow
Donating stock is one of the most tax-efficient ways to give. A direct stock donation through Overflow means up to 20% more value for your donation because of the capital gains tax savings.
Donate Stock to VictoryTAX BENEFITS
Donating stock can be one of the most tax-efficient ways to give. We've partnered with Overflow to make donating stock online quick, easy, and secure.
By donating appreciated stock that you've held for over a year, you could potentially save up to 20% in capital gains taxes and potentially deduct the charitable donation on your federal income taxes. To understand the full tax benefits of giving appreciated stock, please consult with your tax professional.
EASE
Donating appreciated stock allows you to maximize your impact while potentially saving more on taxes. Overflow makes it easy to donate online in less than 5 minutes.
IMPACT
Maximize your impact with a gift of appreciated assets. Donate stock online through Overflow.
FAQs
What is Overflow?
Overflow is a digital solution for donating non-cash assets, enabling donors to give in a tax-efficient way. Donors can experience the ease of giving via stock or crypto in less than five minutes from their mobile device. Overflow also provides givers access to a private Donor Portal which enables visibility into transaction history, transaction statuses, and the ability to update connected financial accounts
Is it Safe & Secure?
Overflow's Information Security Program is SOC 2 compliant, a widely respected information security auditing procedure. Overflow does not have access to nor stores any brokerage account usernames or passwords. They use Yodlee, a third-party provider, that handles the brokerage login process. Over 600 companies including PayPal, Mint, and Amazon use Yodlee to connect their clients’ accounts
What are the tax benefits?
Donating appreciated stock that you've held for over a year could allow you to save up to 20% in capital gains taxes and potentially up to 37% in federal income taxes on the charitable donation value of your gift based on your tax bracket when itemizing deductions. To understand the full tax benefits of giving appreciated stock, including potential state tax savings, please consult with your tax professional for information about your personal tax implications.
What stocks can I donate?
You can give any publicly traded stock through Overflow. By donating assets that have appreciated in value for more than one year, you are more likely to maximize the potential tax benefits.
Can I give through my 401K or IRA?
Overflow can process all whole shares of publicly traded stock, including 401Ks and IRAs. However, because donors often incur penalties for withdrawing these assets before a certain date, we highly recommend consulting your tax professional before donating these types of assets. Donating 401Ks or IRA could result in major tax penalties or even fewer tax benefits than donating cash.
Can I give company stock outside of the trading window?
If you received company-distributed stock as an employee and the trading window is not open, your brokerage will likely reject the transfer request. We highly advise you ask your company for the trading windows and give during those time periods, which typically are open quarterly for 3 to 4 weeks at a time.
VICTORY.CHURCH