FAQs | Overflow

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form.

Who is Overflow?

Overflow is a digital solution for donating almost any asset to your favorite nonprofits in minutes. Overflow allows your dollars to go further by offering some of the most tax-efficient ways to give. Overflow makes it easy to give what you want, how you want.

General FAQs

Is giving through Overflow safe and secure?

Yes. Overflow's Information Security Program is SOC 2 Type 2 compliant and follows strict criteria set forth by the SOC 2 Framework, a widely respected information security auditing procedure. Overflow does not have access to nor stores any brokerage account login information. For security and data privacy measures, Overflow uses Yodlee, a third-party provider, to handle the brokerage account login process. Over 600 companies including PayPal, Mint, and Amazon use Yodlee to connect their clients’ accounts.

General FAQs

What types of financial reports can we generate?

Overflow is a digital solution for donating almost any asset to your favorite nonprofits in minutes. Overflow allows your dollars to go further by offering some of the most tax-efficient ways to give and the lowest processing fees on the market. Overflow makes it easy to give what you want, how you want.

‍

No items found.

Which cryptocurrencies can I donate?

Cryptocurrencies that are compliant and accepted within the United States are available to give through Overflow's crypto donation processing platform. Please refer to The Giving Block website for an up-to-date list of supported cryptocurrencies. If you are interested in giving a coin that you don't see supported, please email support@overflow.co. It is sometimes possible to facilitate your donation off-platform depending on the type of coin and gift value

Crypto FAQs

What specific stock could I donate?

Overflow supports the transfer of any publicly-traded stock that is exchanged on the US stock market. Overflow also supports the transfer of ETFs and Mutual Funds, but there may be brokerage-imposed restrictions on the transfer depending on the fund and gift value. If that is the case, Overflow’s concierge services will work with you directly to understand the restrictions and implications.

Stock + DAF FAQs

What is the tax benefit of donating appreciated stock?

Donating appreciated stock that you've held for over a year could allow you to save up to 20% in capital gains taxes and potentially up to 37% in federal income taxes on the charitable donation value of your gift based on your tax bracket when itemizing deductions. To understand the full tax benefits of giving appreciated stock, including potential state tax savings, please consult with your tax professional for information about your personal tax implications.

General FAQs

What is a Donor Advised Fund?

A donor advised fund (DAF) is a specialized financial account used for charitable giving. It allows individuals to make a charitable contribution, receive an immediate tax deduction and then make grants to 501(c)(3) organizations over time. The money in a DAF can also grow tax free and be donated at any time in the future - there are no time limits or distribution requirements for DAFs today.

Stock + DAF FAQs

What is the benefit of giving via a DAF?

The main benefit of a DAF is the ability to make a donation and take an immediate tax deduction for it while waiting to decide how the donation should actually be used. While the donation is irrevocable, it can grow tax-free in the DAF via investment while the decision is being contemplated.

Stock + DAF FAQs

I'm ready to give from my DAF, but where do I begin?

Now that you know more about DAFs and their benefits it’s time to initiate the donation! Simply click the Donate from DAF button on your nonprofit’s give page or select the Donate from DAF option as a payment method within the cash donation experience.

No items found.

Can I give from my retirement account?

It depends! Overflow can process all whole shares of publicly traded stock, including from retirement accounts (401K, 403b, Roth IRA, and Traditional IRA). However, donors will incur a tax penalty if they remove retirement funds early (before age 59.5) and some employer-sponsored retirement plans will not allow early fund distribution at all. Because of these restrictions and potential penalties, we highly recommend consulting your tax professional before donating these types of assets. If you decide to proceed, Overflow’s concierge services will work with you directly to facilitate the transfer of these assets.

Stock + DAF FAQs

Does Overflow support gifts from my brokerage account?

Overflow currently offers account connections with most major brokerages including Charles Schwab, Fidelity, and E*Trade. If Overflow does not have a direct connection with your brokerage, you can still initiate your stock gift through our manual online flow, which you will be prompted to enter if your brokerage is not directly supported. You can also choose to opt in to Overflow's concierge, fully-guided stock donation service by emailing stockgifts@overflow.co.

General FAQs

Showing XX faqs

Still have questions? Reach out to our team.

No chatbots or AI. We’re a team of real people ready to help.

Send us a message

Experience generosity without limits

See what our platform and team of experts can do for your organization. Book a demo to watch Overflow in action.

Book a demo

Hand holding device showing
"Maximize your impact with more ways to give."