Frequently Asked Questions
Have a question about giving stocks or crypto? Check out the FAQ below. If you’re still not finding the answer you are
looking for or if you have any other giving questions, please click on the request help button below.
WHO IS OVERFLOW?
IS GIVING THROUGH OVERFLOW SAFE AND SECURE?
WHAT IS THE TAX BENEFIT OF DONATING APPRECIATED STOCK?
WHAT SPECIFIC STOCK COULD I DONATE?
CAN I GIVE THROUGH MY 401K OR IRA?
Overflow can process all whole shares of publicly traded stock, including 401Ks and IRAs. However, because donors often incur penalties for withdrawing these assets before a certain date, we highly recommend consulting your tax professional before donating these types of assets. Donating 401Ks or IRA could result in major tax penalties or even fewer tax benefits than donating cash.
CAN I GIVE COMPANY STOCK OUTSIDE OF THE TRADING WINDOW?
If you received company-distributed stock as an employee and the trading window is not open, your brokerage will likely reject the transfer request. We highly advise you ask your company for the trading windows and give during those time periods, which typically are open quarterly for 3 to 4 weeks at a time.
DOES OVERFLOW SUPPORT GIFTS FROM MY BROKERAGE ACCOUNT?
Overflow currently supports over 10 brokerages via their self-guided platform including the most popular brokers such as Charles Schwab, Fidelity, and E*Trade. If Overflow doesn’t have a direct connection to your brokerage account, your gift can still be fulfilled through their off-platform concierge service. If you are in Overflow’s donor experience and your brokerage account is not one of the 10+ currently supported with a direct connection, you’ll be taken to a form to contact Overflow’s transaction operations team. You can also choose to opt into Overflow’s fully-guided concierge service by emailing stockgifts@overflow.co.
WHAT TYPES OF CRYPTO CAN I GIVE?
Overflow accepts many different forms crypto. They are also expanding the different types of crypto. You check out the whole list here: https://donate.overflow.co/mountainviewchurch/crypto
ARE CRYPTO GIFTS REFUNDABLE?
Yes―your cryptocurrency donation is tax-deductible. Because it’s a non-cash donation, it will not appear on your regular end-of-year giving statement. Instead, you will receive a separate letter acknowledging your gift(s) for tax purposes.
ARE CRYPTO GIFTS TAX-DEDUCTIBLE?
Yes―your cryptocurrency donation is tax-deductible. Because it’s a non-cash donation, it will not appear on your regular end-of-year giving statement. Instead, you will receive a separate letter acknowledging your gift(s) for tax purposes.
WHY SHOULD I CONSIDER GIVING CRYPTO THROUGH CURRENCY?
A cryptocurrency gift is one of the most tax-efficient ways to give to Mountain View Church. Because donating cryptocurrency is a non-taxable event, you don’t owe capital gains tax on the appreciated amount and you can deduct it from your taxes.
WHO DO I CONTACT WITH QUESTIONS ABOUT CRYPTO CURRENCY GIFTS?
We’re happy to answer any of your questions about cryptocurrency giving! Please contact us clicking the need help button below.