Giving securities can be an ideal way of supporting Consumer Reports. Your donation will help us deliver on our mission, and you may benefit from a charitable deduction equal to the full value of the stock.
When you make a contribution of appreciated stock or other securities such as bonds and mutual funds to Consumer Reports, you may receive superior tax benefits:
- You will receive a charitable tax deduction equal to the value of the securities as long as you have held the security for at least one year
- You won’t owe capital gains tax on the gain in the donated securities
- Consumer Reports will not have to pay capital gains on the appreciated value, because of its nonprofit status
There are two ways of transferring stocks to Consumer Reports: Electronic Transfer and Physical Delivery.
If your stock is held in a brokerage account, your broker will need the following information to transfer your gift electronically:
Please contact Olivier Szlos at 914-378-2881 or firstname.lastname@example.org in advance of the transfer so that we can notify and coordinate with PNC Bank. We will need your name, your address, and the type of stock and number of shares you will be donating.
If your donation is from a mutual fund, please call Michael Rosburg at PNC at the number above with the CUSIP number that is used to identify securities. This information will ensure that PNC can receive the transfer and that we can acknowledge and thank you for your tax-deductible gift.
If you hold the security's paper certificate, you will need to undertake the following steps to ensure that the paperwork is not vulnerable in transit.
- Request a stock power form for each stock certificate by calling 877-275-3425 or emailing Olivier Szlos at email@example.com. You can also obtain a stock power form from your bank or broker.
- Sign the form exactly as your name appears on the stock certificate. Do not complete any other part of the form—it should be left blank.
- Send the signed stock power form(s) and a letter stating your intention to make a gift of the securities to Consumer Reports in its own envelope.
- Then mail the stock certificate(s) separately to Consumer Reports without any endorsement or assignment.
- The documents should be sent to:Consumer Reports Attn: Major Gifts 101 Truman Ave Yonkers, NY 10703
We recommend registered mail or a tracked delivery service for the stock certificates.
Donation of property or other assets can provide significant benefit to you and to Consumer Reports, especially when the property has appreciated in value.
If your portfolio includes any of the assets listed below, you may want to consider contributing it to Consumer Reports for superior tax benefits—now or through your estate plan.
- Real estate
- Art and collectibles
- Privately held shares (C Corporation, S Corporation, and limited partnership interests)
- Initial public offerings
- Private equity and hedge fund interests
Giving through a donor-advised fund (DAF) is an increasingly popular way for donors to make gifts to Consumer Reports and other charities.
If you have established a donor-advised fund, please consider including Consumer Reports among the worthy charities to whom you recommend support. Please provide your name, your address and CR’s Tax ID# 13-1776434 along with the amount and the nature of the support (e.g. annual gift) to the charity that manages the fund.
If you do not have a donor-advised fund, you can establish a fund at a public charity through a gift of cash or assets and receive an immediate tax benefit for the full amount. Then, in the role of a donor adviser, you recommend charitable contributions to nonprofits such as Consumer Reports from the fund. This provides you with the time to make thoughtful philanthropic decisions while receiving an immediate tax benefit for the initial gift plus the added convenience of a public charity managing the fund and the distributions.
Per IRS regulations, you cannot receive goods or services (i.e. CR magazine or online access) in exchange for a gift made from your DAF.
Giving from your IRA is a smart way to achieve your charitable goals and receive income tax benefits.
Current tax law allows you to donate to your favorite charities, such as Consumer Reports, directly from your individual retirement account. Here’s how: When you turn 70½, you have to take a required minimum distribution (RMD) from your IRA. The withdrawal is counted as taxable income, which may increase your tax bill. If you make a charitable contribution directly from your IRA to Consumer Reports, you benefit by reducing your income that is taxed.
This is called a qualified charitable distribution or QCD. You can make distributions up to $100,000 each year, and the amount will be excluded from gross income. QCDs can be made from the following IRAs: Traditional, Rollover, Inherited, SEP (inactive only), and SIMPLE (inactive only). You cannot make a QCD from a 401(k), 403(b) or Keogh plan during your lifetime.
Also per IRS regulations, you cannot receive goods or services (i.e. CR magazine or online access) in exchange for a gift made with a QCD.
To make a gift to CR from your IRA, follow these steps:
- Consider how your required distribution will impact your finances and taxes overall.
- Contact your IRA trustee to find out more about its process for arranging qualified charitable distributions.
- Notify the trustee that you want to make a qualified charitable distribution, and fill out the required paperwork from the trustee. Please instruct them to provide your name and address on the QCD paperwork so we can provide the required receipt needed for your taxes.
- The check should be made to Consumer Reports, Inc. and mailed to:Consumer Reports, Inc. Planned Giving, Shannon Miller 101 Truman Avenue Yonkers, NY 10703
- Contact us at 877-275-3425 when you’ve directed the gift. When we receive it, we’ll provide the required receipt.
For more information, please fill out the form below or call us at 877-275-3425.
If you are interested in making a gift of stock or other securities, giving through your IRA or through a donor-advised fund, please contact Olivier Szlos, especially in advance of any transfers. If you would like to donate property or other assets, please contact Amanda Das.
Information on leaving a gift in your will or creating a Charitable Gift Annuity can be found on our charitable legacy page
Gifts of Stock, Other Securities, IRAs, or Donor-advised Funds
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Olivier Szlos, Associate Director, Major Gifts
Gifts of Property or Other Assets
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Amanda Das, Associate Director, Planned & Major Gifts