⚠️ Note: At this stage, the stock donation service is available to Platinum account holders only.
Stock Donation – An Overview
Donating stocks is a unique and efficient way to contribute to organizations and nonprofits. Instead of donating cash, the donor transfers stocks they own directly to a nonprofit authorized to receive such donations. This process allows donors to make significant contributions while enjoying valuable tax benefits.
Key Benefits of Donating Stocks
Tax Credit of up to 35%: Donating stocks can entitle the donor to a tax refund of up to 35% of the donated stock value (subject to legal caps and conditions).
25% Capital Gains Tax Exemption: The donor is exempt from paying 25% capital gains tax on the profit earned from the stocks, since the stocks are donated in full and not sold by the donor.
Through stock donations, one can maximize donation impact, save on taxes, and give more significantly to nonprofits.
How Does It Work?
The process includes several stages:
Step 1: Fill Out the Stock Donation Form via the Platinum Account in Jgive
Log in to your Platinum account. You can use this login guide for assistance.
In the main dashboard, click on "Stock Donation".
Read the terms, check the agreement box, and click "Start".
Select the country for which the receipt will be issued and where you’ll claim the tax refund. Then click 'Next'
If you chose Israel in the previous step, you will reach this step. If not, skip to the next step.
Choose the broker type — Israeli or foreign.
Fill in your personal details. If the receipt needs to be issued under a different name, check the relevant box and click "Next".
Enter your bank account details or the broker's details from which the stocks will be transferred.
Provide the stock details. In the "Estimated Value of Donation" field, input the total value (stock price × stock amount). Click "Submit".
The initial form process is now complete. A reference number will appear — it will also be sent to your email. It’s primarily for internal use, so you likely won’t need it.
After completing this form, the details are sent to us for review. We will then contact you to assist with the next steps.
Step 2: Actual Stock Transfer
Once we receive your form, we’ll assist you with the transfer according to the selected criteria:
Israeli Stocks with an Israeli Receipt: We’ll help you prepare documents and submit them to the Tax Authority. Once approved, you’ll present this to your broker to complete the stock transfer to our bank account.
Foreign Stocks with an Israeli Receipt: After approval from our bank, we’ll send you the account details to complete the transfer.
Foreign Stocks with a U.S. Receipt: After reviewing your donation form, we’ll send you our broker account details for the stock transfer.
Step 3: Issuance of Receipt & Sale of Stocks
Once the stocks have been received:
Receipt Issuance: You’ll receive a donation receipt based on the stock value on the date we received them.
Stock Sale: We will sell the stocks as close as possible to the reception date in order to preserve their value.
Step 4: Deposit into the Donor's Platinum Fund
After the stocks are sold, the full sale amount will be deposited into your Platinum Fund on Jgive.
Important: The deposited amount will reflect the sale price of the stocks, while the receipt will be based on the value of the stocks on the day they were received.