Charitable Contribution

Use this page to record a donation to a charity or non-profit organization. You will distribute the donation separately from other expenses.

To check if the donation is going to a charity or non-profit that will be recognized by the IRS, please check their site at:

Use of the charitable donation is for a donation of either stock or cash. You can choose to donate either stock or cash, and you can allocate the donations either by ownership in the club or split equally among all members. You can enter a transaction for donations of cash or stocks by clicking the Cash only donation or Select stocks buttons at the bottom of the page form.

If you make a stock donation, you will enter share and block information about the donated stocks on a second and third page, if necessary. For examples of what these pages look like, please see the Stock Withdrawal section of our page on entering member withdrawals.

As with a member withdrawal that involves stocks, any difference between the value of the stocks and the total entered on the first page will be counted as cash.

Don't forget that Charitable Donations entered or made by the club are allocated to club members, who then can report them as charitable contributions on their personal tax returns if they itemize deductions on Schedule A.