You can donate stock to Indralaya (Orcas Island Foundation) – this is a non-restricted donation
This is a great way to support Indralaya! You can donate your appreciated stock and claim a donation for the appreciated value. This is especially valuable for US donors (or Canadian donors with US stock). You avoid paying capital gains on your appreciated stock, and you can deduct the entire value as your donation.
Contact your broker and let them know you would like to transfer stock to Indralaya (Orcas Island Foundation). The transfer is called a “ Depository Transfer” through Schwab Investments.
DTC number: 0164 (Depository Transfer); Code 40
Orcas Island Foundation Account Number: 20558539
You can make the transmission with the following Instruction Letter
Image of letter:
How Indralaya Processes your Donation:
- You (the donor) send the donation form to your financial investment adviser, directing sale of stock to the OIF, in care of Schwab etc. Letter here
- Schwab receives the stock in the name of OIF.
- Schwab immediately sells the donated stock, records the amount and date of the sale, and informs Indralaya.
- OIF sends a tax letter to the donor with relevant details and certification of non-profit tax status. The amount of the donation is the amount that OIF receives from Schwab.
- OIF sends a personal thank you note to the donor.
Note – donations of stock can only be “general” (e.g. not restricted) donations according to US tax regulations.
