How to Claim a Charitable Donation of Stock (10 Steps)

Request a copy of the organization's letter from the IRS, stating its tax-exempt status as well as its status for receiving charitable contributions. This is necessary if you intend to claim a deduction based on your donation of stock or other securities to that organization.
Call the IRS toll-free at (877) 829-5500 to verify whether the organization is a charitable entity that can receive your donation of stock or other securities that you intend to claim.
Obtain and examine IRS Publication 78, available at IRS.gov (see Resources below). It lists eligible organizations that are qualified to receive any donations you intend to claim.



Give the IRS the proper name of the issuer for the stock that you are donating.
Indicate whether the stock you are donating represents securities that are commonly traded on the stock exchange or by other over-the-counter means.
Offer specific information on the type of securities you are donating.
Provide the date of your donation. This will vary and is dependent on whether you are signing the donated securities over or making an electronic transfer through your broker.



Indicate your intention to itemize your deductions on IRS Form 1040, under the section 'Tax and Credits.'
Use Schedule A to itemize your claim of a charitable donation of stock in the Gifts to Charity section.
Select Form 8283 to claim your deduction for a non-cash charitable contribution, as indicated on Schedule A.