GFM-logo

Charles Schwab - Contributing stocks and ETFs

  • Updated

Follow these steps to contribute stocks or ETFs from Charles Schwab:

  1. Download and fill out the pre-filled stock transfer form found here.
  2. The Transfer Instructions should will be filled out with this information:

Account Title/ Registration: GoFundMe Giving Fund
Contact Name: Batyr Jorayev
Telephone Number: treasury@gfmgivingfund.org
Name of Receiving Institution: Alpaca Securities LLC 
DTC Number: 3021

  1. You can find your Giving Fund account information needed for the transfer within your GoFundMe account:
    • Go to your Giving Fund on the web or the app.
    • Select “Add Funds” → “Stocks and ETFs”.
    • Use your unique Account Number in this page to fill out the Receiving Institution Account Number
  2. Be sure to select “Charitable Gift” under “Transfer Instructions”, and DO NOT check the box for the gift to be anonymous.
  3. Enter the Securities to be transferred . 
    • Note: Cost basis matters–maximize your tax benefits by picking shares you’ve held for over a year and have appreciated the most. 
  4. Sign the Authorization to Transfer
  5. Once you’ve completed and signed the form, log into your Schwab account, go to the Message Center, and submit the form to Schwab for review.

Things to keep in mind

  • For maximum tax benefits. Contribute shares you’ve held over a year and have appreciated the most.
  • Record your cost basis before transferring. Most brokerages don’t keep this once shares leave your account, but you may need it for tax reporting.
  • Do not check “anonymous” on the form. We need your name to match the transfer.
  • Only stocks and ETFs are eligible. Mutual funds, fixed income, and other assets aren’t currently supported, and the transfer will fail if they’re included.
  • We’ll sell your shares once received. The sale proceeds are added to your Giving Fund balance.
  • Already picked an investment strategy? Your contribution will be invested automatically at the next market opportunity.
  • Transfers usually take 5–10 business days from when you submit it to your brokerage. Timing depends on your brokerage’s processing times and can sometimes take longer. We’ll notify you once it’s complete.

Related articles

Not seeing what you need?

Contact us

We're here to help

Chat with Ray, our AI-powered HelperBot, for quick resolution of most inquiries, or be connected to our Giving Funds Care Team.

Contact us