Donate Stock

Thank you for considering a gift of stock to First Book!

Taking this step could help you avoid capital gains tax while stocking bookshelves for kids in low-income schools and communities.

Step 1: Consult with your tax advisor to determine what stock is the best for you to donate and for advice on any potential charitable deduction.

Step 2: Contact DonorSupport@FirstBook.org to make known your intent to make a stock gift to First Book. This will help us quickly process the donation and to provide you with proper credit.

Step 3: Make a request to your broker to transfer the stock to First Book and notify DonorSupport@FirstBook.org of the pending transaction if you have not already done so. Do not sell the stock yourself or you may be subject to capital gains or other taxes.

Please provide your broker with the following information:

DTC Participant Number:

8862

FBO/Account Name:

First Book, Washington, DC

Account Number:

7FT-02028

Reference:

Donor Name (including your name will ensure your gift is properly acknowledged)

Direct contact for Merrill Lynch support (301) 230-6639.

*For gifts of mutual funds or for stock not held in a brokerage account, please call (301) 230-6639.

Step 4: First Book will provide you with a written gift acknowledgment that will serve as your receipt for tax purposes.

Step 5: Enjoy tax savings and the satisfaction of knowing you are helping promote childhood literacy in America.

This content is intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a stock gift might affect your particular circumstances, it is expressly recommended that you consult an attorney, financial advisor, or other qualified professional.