Gifts of Stock and Appreciated Assets

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

Please have your broker inform Cato by emailing Brian Mullis: or faxing 202-842-3490 when the transfer has taken place.

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 our programs.


  • 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.


The material presented on this Planned Giving website is not offered as legal or tax advice.
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