Which stock brokerages does Overflow support?

In order to facilitate a stock donation to a 501c3 organization through the Overflow platform, you will need to have a brokerage account set up. Currently, the Overflow platform can facilitate donations from DTC-enabled brokerages, such as:

🏆 Charles Schwab

🏆 Fidelity Investments

🏆 Vanguard

🏆 E*Trade

🏆 First Republic Bank

🏆 TD Ameritrade

🏆 Merrill Lynch

🏆 Wells Fargo

🏆 Ameriprise Financial

We can also process transactions through our concierge service for the following brokerages.

🏆 JP Morgan

🏆 Morgan Stanley/Shareworks by Morgan Stanley

🏆Stifel Nicolaus

🏆Pershing LLC

🏆 EQ Shareowners Online

🏆 Edward Jones

🏆 Interactive Brokers

🏆 UBS/UBS Wealth Mangement

Our goal at Overflow is to make the stock donation process easy and automated, so you can initiate the donation of shares to your favorite nonprofit in under 2 minutes.

FAQs

Why does Overflow support some brokerages and not others?

Overflow's vision is to unlock online-enabled stock donations for all brokerages. Some brokerages' current stock transfer processes are not aligned with the digital functionality of the Overflow platform, and therefore are not yet considered Overflow-Supported Brokerages. Even though they are not considered “Overflow Supported Brokerages” we can still help you with your donation through our concierge service team.

I don't see my brokerage on the list... what should I do?

Don't worry! Overflow offers a concierge service to facilitate donations from brokerages that aren't yet supported through the online platform. If you would like to give from a brokerage that Overflow currently does not support, enter the name of your brokerage in the flow, you will be directed to the Concierge Flow to fill out your gift details and contact information. Shortly after, a member of the Overflow Support Team will be in touch within 1 business day to facilitate your donation.

Can I donate from my Robinhood account?

Currently, Overflow only supports online stock donations from DTC-enabled brokerages. Robinhood, Stash, and other app-based investment accounts work on an ACAT-enabled system. ACAT-enabled brokerages have a different process than DTC-backed systems for transferring stock between brokerages. We know how important it is to donate assets you hold in ACAT-enabled brokerages like Robinhood, and we are working diligently behind the scenes on new integrations to make this process seamless. Sign up to be the first to know when this integration is ready!

KEY TERMS

DTC

The Depository Trust Company (DTC) is one of the world's largest securities depositories. Founded in 1973 and based in New York City, DTC is the largest securities depository in the world and holds over thirty-five trillion dollars worth of securities on deposit. The DTC is organized as a limited-purpose trust company and provides safekeeping through electronic record-keeping of securities balances. It also acts as a clearinghouse to process and settle trades in corporate and municipal securities.

DTC-enabled brokerages

DTC Eligibility means that a public company’s securities are able to be deposited through DTC. DTC accepts deposits of securities from its participants only, who are usually clearing firms. Most brokers clear stock in-house or hire a clearing firm to do so on their behalf. All movements of securities are made to the participant’s account electronically with book-entry adjustments.

Automated Customer Account Transfer Service (ACATS) 

ACATS enables eligible participants to efficiently and automatically enter, review, and settle the transfer of customer accounts between each other. The service standardizes transfer procedures, reduces operating costs, and speeds transaction settlements.  ACATS enables the transfers of many different types of assets, including, but not limited to, equities, corporate and municipal bonds, unit investment trusts, mutual funds, options, annuities, and cash.

ACATS-enabled brokerages

Clients can transfer all publicly traded stocks, exchange-traded funds (ETFs), cash, bonds, and most mutual funds through the ACATS system. ACATS can also transfer certificates of deposit (CDs) from banking institutions through the ACATS system, as long as it is a member of the NSCC. ACATS also works on all types of accounts, such as taxable accounts, individual retirement accounts (IRAs), trusts, and brokerage 401(k)s.

ETF

An exchange-traded fund (ETF) is a type of security that tracks an index, sector, commodity, or another asset, but which can be purchased or sold on a stock exchange the same as a regular stock. An ETF can be structured to track anything from the price of an individual commodity to a large and diverse collection of securities. ETFs can even be structured to track specific investment strategies.

Have more questions about stock donations? Email our Donor Operations team at [e-mail].