We are pleased to announce that you can now donate stock to The Walt Disney Family Museum using a streamlined process.
Help us continue our important education programming, including the At-Promise Youth Animation Academy initiative, by considering a stock donation.
We have partnered with Overflow to make giving via stock quick, easy, and secure. You can even give stock directly from your phone.
It is a great, tax-efficient way to give. By donating stock directly, you can receive up to 37% savings on federal and state income taxes through a charitable donation deduction while avoiding the capital gains taxes you would incur by liquidating the stock and sending our organization the cash, all at zero additional cost to you. You can deduct the full value of the stock as a charitable gift just like cash.
Stock Giving FAQs
Overflow is a digital solution for donating non-cash assets, enabling donors to give in the most tax-efficient way. Donors can experience the ease of giving via stock or crypto in less than 5 minutes from their mobile device. Overflow also provides givers access to a private Donor Portal which enables visibility into gift history, transaction statuses, and the ability to update connected financial accounts.
Overflow's Information Security Program follows the criteria set forth by the SOC 2 Framework, a widely respected information security auditing procedure. Overflow does not have access to nor store 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.
Donating appreciated stock that you've held for over a year can allow you to deduct the full fair market value from your taxes AND protect your realized gains from being subjected to long-term capital gains tax which can be up to 20%. You can save up to 37% in federal income taxes based on the full value of the charitable donation when itemizing deductions.* There may even be additional savings on state income taxes as well depending on your personal tax situation. Nonprofits are exempt from capital gains taxes, so your stock donation allows the The Walt Disney Family Museum to utilize the full amount of the donated funds.
*To understand the full tax benefits of giving appreciated stock, including potential state tax savings, please consult with your tax professional.
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 get the highest tax benefits.
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.
If you received company-distributed stock as an employee and the trading window is not open, your brokerage will likely reject the transfer request. Overflow suggests 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.
File Form 8283 for the 1040 tax return. To calculate how much to deduct from your taxes, the general rule of thumb is to deduct the fair market value which is the average of the high/low price of the stock on the day it was received by The Walt Disney Family Museum. This is for assets you have held for more than a year. The date the stock was received by The Walt Disney Family Museum can be found in the acknowledgment letter you receive from The Walt Disney Family Museum. Include this letter in your tax return.