Donations of Stock, IRA Distributions, and Donor Advised Funds

Making donations of appreciated stock, charitable distributions from your individual retirement account, or donations from your donor advised fund can reduce your tax liability while increasing your philanthropic impact.  These are also a great ways to support the continued work and mission of EBALDC.

East Bay Asian Local Development Corporation is a registered 501(c)(3) nonprofit organization with tax identification number (EIN): 51-0171851.  As EBALDC may not offer legal or tax advice, we recommend that you work with a qualified financial and legal advisors before making your donation. 

Making Donations of Stock

When donating stock, please make sure to inform our organization by completing and submitting the form at the link below and Donor Services will automatically be notified. Complete stock information may also be emailed to vshu@ebaldc.org or called in to 510-606-1812.

Broker instructions to deliver securities to our brokerage account at FRSC:

East West Wealth Management / Cetera Investment Services
Account Name: EAST BAY ASIAN LOCAL DEVELOPMENT CORPORATION
DTC #: 0443701#: 33L346617Y
Reference : (Donor Name-Year) or (Anonymous)

If you have any questions please contact our broker:

Alexey Bulankov, SVP Wealth Adviser

Cetera Investment Services
400 First St. S., Suite 300 St. Cloud, MN 56301

Office: 320-656-4300
Email: Alexey.Bulankov@ceterais.com

 

To notify EBALDC of your intent to donate stock, Fill Out Form Here.

Once the form is filled out and submitted, a stock transfer form will be sent to the email you provided for you to sign and give to your broker.

After the East Bay Asian Local Development Corporation receives this form and our broker has confirmed the donation of securities, an official acknowledgement letter indicating the number and type of shares received and date the stock was converted into a gift will be issued.

East Bay Asian Local Development Corporation is a registered 501(c)(3) nonprofit organization. Contributions are tax-deductible as permitted by law.

Donations From Your IRA

If you’re 70½ years or older, supporting EBALDC with a donation through your individual retirement account (IRA) may be a great way to give.

IRA donations offer a variety of benefits for you and for the charities you support. Charitable distributions from your IRA (often called “charitable rollovers” or “qualified charitable distributions/QCDs”) are an easy way to give from your appreciated assets.

When these donations are made directly from your IRA to a charity, the distribution is not included in your taxable income. This means you can avoid federal income tax that would otherwise be due on IRA withdrawals. Plus, any donations you make directly from your IRA will be counted toward your annual required minimum distribution.

To qualify:

  • You must be 70½ or older at the time you make your donation
  • The transfer must go directly from your IRA to EBALDC to avoid income tax obligations
  • Your total charitable giving from your IRA cannot exceed $100,000 annually

IRA donations often arrive to our office without identification, so please contact Vicki Shu at 510-606-1812 or by email at vshu@ebaldc.org to let us know that your donation is on its way.

Donations From Your Donor Advised Fund (DAF)

Donor advised funds (DAFs) are an increasingly popular way of making charitable contributions. This simple and tax-efficient giving vehicle enables individuals to make a contribution to the DAF, receive an immediate tax deduction, and recommend grants from the fund to their favorite charities over time.

If you already have a DAF account with Fidelity, Charles Schwab, or BNY Mellon

You can recommend a grant directly to EBALDC using the widget below.

 

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If you have a Donor Advised Fund with another financial institution or community foundation, you can still recommend grants to EBALDC in support of Healthy Neighborhoods.