Overflow's Liquidation Services, Explained.

Overflow’s Liquidation Services authorize Overflow to act on your organization's behalf to receive stock gifts, liquidate (sell them), and transfer the donation as cash to your bank account.

Overflow offers two methods to receive stock gifts from your donors. You can either receive stock gifts "in-kind" directly to your organization's brokerage account, or you can utilize Overflow’s Liquidation Services.

 

 

Why use Overflow’s Liquidation Services?

No need to open a brokerage account for your organization.

Opening a brokerage account for your organization can be time-consuming and require minimum account balances. Instead, you can choose to use Overflow’s Liquidation Services and start receiving stock immediately.

 

Receive stock donations as cash.

With Overflow’s Liquidation Services you don't have to manage a brokerage account. Instead, you can receive stock as ready-to-use cash! Overflow will liquidate all stock gifts within 24-business hours and wire you the cash funds as soon as the sale settles.

 

Reduce administrative time.

Instead of spending time monitoring, selling, and managing the stocks in the brokerage account, let us liquidate the stock for you so you can spend time cultivating relationships with donors and furthering your organization's work.

 

Potentially cut down processing times

Overflow’s Liquidation Services unlocks faster processing times for gifts transferred from the top brokerages. Depending on the brokerages involved in the transaction, Overflow's Liquidation Services can reduce processing times from 2 weeks to 2 days. This could mean the difference between a stock donation transferring in the same calendar year or next year if a donor gives a gift in late December.

 

Identify and resolve potential issues faster

Overflow’s Liquidation Services allow the Overflow team increased visibility in order to identify and resolve potential issues that might prevent a gift from being fulfilled. For example, the donor’s brokerage might have an issue with a signature or another requirement and not process the initial gift request. With Overflow’s Liquidation services our team is able to identify and resolve these types of issues quicker leading to a gift that is fulfilled faster and with higher donor satisfaction.

 

How do Overflow’s Liquidation Services work?

Overflow acts as your authorized agent to receive stock donations on your behalf. Once received, the donation is liquidated within 24 business hours of receipt and sent as cash directly to your organization's bank account. Below is a breakdown from when a donor initiates a gift to when you receive the proceeds to your bank account:

 

1. Donor initiates a stock donation online.

When a donor makes a gift through the Overflow platform connected to your giving page and clicks "Send Gift", the stock gift is initiated.

 

2. Overflow processes and executes the stock donation on behalf of the donor

Once the gift is initiated, Overflow processes the gift. This can take up to 1 business day.

 

3. Stock donation leaves donor's brokerage account

The timeframe for when the stock leaves a donor's brokerage account varies based on the donor's brokerage processing times. Typically this is anywhere from 0-14 business days.

 

4. Stock donation arrives in Overflow's brokerage account.

 

5. Stock donation is liquidated by Overflow.

Overflow liquidates stocks within 24 business hours of receipt within market hours. The proceeds usually take up to one business day to settle.

 

6. Stock donation is sent out as cash to your organization's bank account.

All admins on your Overflow account will receive an email notification with important gift information such as the date received, the date liquidated, and the amount sent to your bank account.

NOTE: The Wire transfer will not state Overflow’s name.

 

7. Liquidated cash proceeds are received in your organization's bank account. 🎉

 

 

If you are interested in learning more or signing up for Overflow Liquidation Services please reach out to your dedicated Success Lead or email support@overflow.co.