What are Cocatalyst Stock Pledges?

Please know that Asset Pledge Donations on the Cocatalyst platform is in beta. 

Donors can transfer ownership of their appreciated stock to Cocatalyst for an immediate tax write-off while engaging with their nonprofit to decide when to sell the stock and make the transfer of funds to the organization. You have to earmark the donation for a specific charity at the time of the gift. The deduction for Asset Pledges is the same as donating appreciated stock, which is 37% more tax effective than cash.

Getting Started with Stock Pledges

Donors complete the standard appreciated Stock Donation form on Cocatalyst. After signature, the donor should email support@cocatalyst.org with the following template filled out:

ASSET PLEDGE ADVICE REQUEST

Dear Cocatalyst,

I, [name of donor], would like to convert the donation [donation ID number] to an asset pledge. The [charity ] will advise Cocatalyst on when to sell the asset. I acknowledge that liquidation requests are the best effort basis and for the duration of the beta, the time limits are 90 days.

Sincerely,

[name of donor]

ASSET PLEDGE CONVERSION ADVICE REQUEST

Dear Cocatalyst, 

I, [name of representative and charity name], would like to convert the close the asset pledge [donation ID number]. I acknowledge that liquidation requests are the best effort basis, but I would appreciate the asset being sold as soon as possible.

Sincerely,

[name]

Liquidation requests are processed on a best effort basis. We aim to sell the asset on the same day or the next business day. The normal Cocatalyst fees apply at the time of transfer of proceeds to the charity.