Meet Alex 👨🏽. He wants to make an impact beyond his day job and has been recently compelled by initiatives within his local community, as well as, to do what he can to fight social injustice. He has recognized how fortunate he has been in his career and wants to give back. Let's 👏🏽 go 👏🏽 Alex 👏🏽 !
Alex could make a donation the standard way: donate $10,000 in cash to a nonprofit directly. Or he could do something else entirely. He could donate from his stock portfolio where he will benefit from significant tax savings. 💰
In this example, $1,850 was the specific additional value here. For many nonprofits, this is a game changer.
For those who are fortunate to have a brokerage account and stock portfolio they can donate from, it's currently too manual to do so. With PayPal and Stripe, cash & credit card is just... easier.
Donors don't want to have to call or message their brokerage, fill out physical forms, fax in paperwork, and try to contact the nonprofit for their DTC information (What DTC mean? Exactly). So does anyone donate stock? Yes! Tens of billions in value is transacted each year through direct stock-based donations actually. But it's concentrated and limited to high net worth households with financial advisors who handle these transactions for them.
That changes now.
We are calling all tech employees with RSUs, business professionals with employee stocks, and the general public invested in the market i.e. ETFs to consider sharing your shares. The future that we will create is one with equity! We call it: Equity For The Inequitable.
Visit our homepage at Overflow to learn how you can be part of the movement today!