How to give stock gifts to cafe 1040

Read this short story from our founder on how giving stock can help you and Cafe 1040 at the same time.

1. What you can give:

   1. Any stock with a stock symbol

   2. Any ETF with a stock symbol

   3. Any shares of a mutual fund with a stock symbol (whole shares only)

2. General Information:

   1. Cafe 1040 uses Charles Schwab for our stock donations

   2. Our Schwab Account Number is #1804-1838

   3. Our Tax ID Number is 58-2619416

3. Brokerage type:

   1. If you have a full-service broker, notify them of your intent to transfer stock to Cafe 1040, indicating the stock and the number of shares you would like to give.

   2. If you have a self-service brokerage other than Schwab, locate the form used for transferring stock, often entitled “Transfer Out” or “Letter of Authorization” form. Call your brokerage’s customer service if needed, as requirements vary from one brokerage to another.

   3. If you have a Schwab self-service account:

      1. On your account, you can find the most updated form under Support (the headset icon in the top right corner) by clicking “Forms & Application.” Then, find the “Move Assets from my Schwab Brokerage Account” in the list of options. Usually it’s the 3rd option down in the list in the middle of the page.

      2. You can choose to fill out the form online or download the form and fax it to Schwab. You can also find the form HERE.

      3. Follow all the instructions on the form. When prompted, enter Cafe 1040’s Schwab Account #1804-1838

      4. If you need any assistance on filling out the form you can contact your advisor, or call or email us - our information is below.

4. Instructions for the Broker or for Completing the Form Yourself:

   1. Do not sell the stock.  This is a gift transfer to a charity.

   2. DTC clearing number (if required): 0164, code 40

   3. Cafe 1040’s Schwab Account Number:  1804-1838

   4. Cafe 1040’s Schwab Account Name: CAFE 1040 INC

   5. Cafe 1040’s Tax Exempt ID Number:  58-2619416

   6. Cafe 1040 Contact: (678) 745-3662 ext. 503 or stockdonations@cafe1040.com  

   7. If you have any additional questions, you may call us or your institution’s support number.

5. Notify Cafe 1040

   1. Please inform us of the gift so we can properly receipt your donation.  

      1. Please email stockdonations@cafe1040.com the date of the transfer, the stock symbol, and the number of shares.

      2. Please include your best contact number as well as your mailing address.

   2. Your gift will be to the general ministry unless you wish to preference your gift.  If you desire a preference, please also include an account number in your email.

6. What Happens Next?

   1. We will ensure your stock gift gets to Cafe 1040’s brokerage account.

   2. Cafe 1040 will send you a receipt for your gift from giving@cafe1040.com unless you specifically request to receive your receipt via US Postal Service.

A final word: This is a common request for brokers and brokerages, especially near the end of the calendar year.  We understand that this may seem complicated, especially if you have never done this before. We are very happy to assist you in any way we can.  Please do not hesitate to connect with us if needed. The tax benefits for you and the benefit of your generosity to Cafe 1040 is immense.