Stocks and Mutual Funds

Donate Stocks

Did you know that you can reduce your taxable income by deducting the full fair market value of the securities you donate to the American Red Cross, as long as you have owned these assets for at least one year?
Transfer information for stock donations:
Donate stock to the Red Cross through Muriel Siebert and Co., and they will sell the stock commission-free through the Siebert Charitable Stock Donation Program.

Muriel Siebert and Co., Inc.
c/o National Financial Services
DTC Number: 0226
ACCT Name: American Red Cross (Tax ID #53-0196605)
ACCT Number: A72-627844
Determining the Value of the Gift
For income tax purposes, a gift of securities is valued on the date the gift is completed and is equal to the mean of the high and low of the values traded on that date. If securities certificates are mailed, the gift is complete as of the date postmarked. When hand delivered, it is complete when received by a Red Cross representative. When transferred electronically, the gift is complete when it arrives into our brokerage account.

Please be aware that the mutual fund transfer process is more complicated than that for stock donations and can take much longer to accomplish. To allow ample time for the transfer to occur prior to year-end, we recommend beginning the process no later than November 15th.

When making a gift of securities, please provide the following information, regardless of the method chosen to deliver your gift of stock:

  • Donor's name and complete address (if it is to be anonymous, please indicate)
  • Name and number of securities transferred
  • Specific Red Cross program to which gift should be directed, if any.
  • Please provide a letter or send an email to communicate the above information at time of transfer to:
Tiffany David
American Red Cross South Florida Region
1250 Northpoint Parkway
West Palm Beach, FL 33407