Overflow FAQs

Who is Overflow?

We have partnered with Overflow, a digital solution for donating non-cash assets and enabling donors to give in a tax-efficient way. Donors can experience the ease of giving via stock in less than five minutes from their mobile device. Overflow also provides givers access to a private Donor Profile which enables visibility into transaction history, transaction statuses, and the ability to update connected financial accounts.

Why should I donate stock?

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 can I expect after I submit my donation

Immediately after submitting your donation, you will receive an email confirmation of your gift. Stock transactions take 2-14 days to reach our account depending on the sending and receiving brokerages that are involved in the process. Once the 501c3 organization receives your gift, they will send you an IRS-compliant acknowledgment letter that you can use to itemize the charitable deduction on your taxes.

What types of shares can I donate?

You can give any shares that are publicly traded on the U.S. stock market 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.

Does Overflow support gifts from my brokerage account?

Overflow currently supports over 10 brokerages via its self-guided platform including the most popular brokers such as Charles Schwab, Fidelity, and E*Trade. If Overflow doesn’t have a direct connection to your brokerage account, your gift can still be fulfilled through their off-platform concierge service. If you are donating through Overflow’s donor experience and your brokerage account is not one of the 10+ currently supported with a direct connection, you’ll be automatically connected with Overflow’s Donor Operations team. You can also choose to opt into Overflow’s fully-guided concierge service by emailing stockgifts@overflow.co.

Can I donate international gifts?

If you live abroad but own U.S. securities, you can donate them to a 501c3 organization through Overflow. There are certain international stocks that can be converted to U.S. securities and then traded on the U.S. stock market. These shares can be donated to U.S.-based 501c3 organizations once they have been converted. Our Donor Operations team can help you identify if your shares to be converted and walk you through the process. You can also give credit or debit donations from anywhere in the world.

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 IRAs could result in major tax penalties or even fewer tax benefits than donating cash.

Fields marked with an * are required