IRS guidelines do not allow charities to list the dollar value of donated stock on acknowledgment letters. This is based on
IRS Publication 1771, which states:
"A donor cannot claim a tax deduction for any single contribution of $250 or more unless the donor obtains a contemporaneous, written acknowledgment of the contribution from the recipient organization. The acknowledgment must provide a description (but not the value) of noncash contributions."
Because of this requirement, we include a description of your gifted stock, but not a dollar amount.
For tax purposes, please refer to your brokerage documentation to determine the value of your gift and consult your tax advisor.
We are happy to provide you with an Annual Giving Summary for your records. While this amount does not appear on your acknowledgment letter, you may use it along with your brokerage statement when preparing your tax records.