Stock Transfer Instructions

To make a gift of securities, please transfer shares directly to Cato's account at Charles Schwab and Company, Account Number 2170-8366; DTC Number 0164, Code 40.

Charles Schwab
1845 K Street NW Ground Floor
Washington, DC 20006
1-800-435-4000

Please have your broker inform Cato by email to hmoar@cato.org or fax to 202-842-3490 when the transfer has taken place.

Gifts of Stock and Appreciated Assets

Gift of Appreciated Securities Diagram

How It Works

  • You transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to Cato Institute.
  • Cato sells your securities and uses the proceeds for its programs.

Benefits

  • You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer (even if you originally paid much less for them).
  • You pay no capital gains tax on the transfer when the stock is sold.
  • Giving appreciated stock can be more beneficial than giving cash. The "cost" of your gift is often less than the deduction you gain by making it.

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