Stock Donation Timeline — What Happens After a Donor Gives?
Step by step timeline of a stock donation
Typical Timeline
|
Stage |
Description |
Timing |
|
1. Donor initiates transfer |
They send shares from their brokerage to ours |
Day 0 |
|
2. Shares arrive in IG’s custody |
We match the donation to pledge your org’s account |
Day 2–5 (depends on donor’s brokerage) |
|
3. IG sells the shares |
Proceeds move into your brokerage account |
Same or next business day after arrival |
|
4. Funds settle |
SEC-required settlement period (T+2) |
2 business days after sale |
|
5. Funds available for use |
You can invest, withdraw, or leave in cash balance |
Day 5–7 from donor submission |
|
Status Displayed |
What It Means |
|
Pledged |
Your donor has filled out your stock donation form and received instructions on where to send the stock gift |
|
Processing |
Stock has been received in your brokerage account. It will be sold and the proceeds sent to your connected checking account |
|
Complete |
Funds have cleared and an ACH has been sent to your account |