IBKR allows clients to gift shares to a charitable organization when certain conditions are met. Requests to transfer securities from an IBKR Individual, Joint, or Trust account to a qualified charity will be accepted under the following conditions:
- The security is a U.S. stock, warrant, or bond;
- The security is eligible for transfer via DTC;
- The recipient is a recognized charity that qualifies as a 501(c)(3) organization and is capable of accepting DTC transfers.
Use the button above or follow the steps below to make a Charitable Stock Donation:
- Log in to Client Portal
- Select the Transfer & Pay menu followed by Transfer Positions
- Select Charitable Stock Donation
- Complete the Donate Form
- On the Confirmation screen, review your request and click FINISH
Note
- If transferring only a portion of shares for any given security, your default tax lot identification method will be used for purposes of determining the cost basis of the securities transferred. This election cannot be changed once the securities have transferred. For additional details, see What is the default method for assigning tax lots?
- For Financial Advisor Clients the request is submitted on the applicable Charitable Gift Transfer - Letter of Authorization, which is subject to signature and/or verbal verification.
Additional Information
- For 501(c)(3) organizations, please refer to the IRS.
- How can I make a charitable donation from my IRA?