Abstract: A method is described for transferring a tax-deductible donation from a donor's account with an asset holder to at least one qualified charitable organization for subsequent transfer to at least one charity. The donor electronically advises the asset holder of the asset to be donated and the charity that is to receive the donation. The asset holder then transfers the designated asset to at least one charitable organization. The charitable organization then transfers the asset to the identified charity, and transmitting information relating to the donation to the U.S. Internal Revenue Service, and to the donor.
Type:
Grant
Filed:
July 24, 2001
Date of Patent:
July 13, 2010
Assignee:
Charitable Management Systems, Inc.
Inventors:
J. Phillip Horne, James Franklin Dooley, Jr.