How are contributions to my DAF valued for tax purposes?
If you wire-transfer unrestricted publicly traded securities through your broker directly to our account, CJP will issue a charitable gift receipt for such securities valued at the average of the high and low trade prices on the day they are received in our account. If you mail endorsed certificates and stock powers to us, your gift will be the value of the stock on the date of the postmark. If you give the certificates to an agent of the stock issuer for transfer to us, the stock gift will be valued as of the date the transfer of ownership is recorded on the stock issuer’s books. Gifts of other types of property are subject to special rules that you should discuss with your tax advisor. A tax qualified appraisal may be required by the IRS for gifts other than cash or publicly traded securities. Donors are responsible for obtaining and paying for such an appraisal.
