Gifts of Stocks and Securities (Stocks, Bonds, etc.)
Appreciated Stocks & Securities
Transferring appreciated stocks and securities to Center of the Arts, Evergreen can be a great way to make a charitable gift, and you can benefit in two ways. By donating publicly traded stocks that have been held long-term (owned for more than one year) you may avoid capital gains taxes. Plus, you may take the full fair market value of the gift (on the date it is transferred, rather than the amount you originally paid for it) as a charitable deduction on your income taxes. You may transfer securities either from a brokerage account or from your IRA account.
Depreciated Stocks & Securities
You can also use depreciated stocks and bonds to make a charitable gift that will benefit you as well as Center for the Arts, Evergreen. If you sell the stocks or bonds and donate the proceeds to Center for the Arts, Evergreen you may be able to take a charitable deduction for the full value of the gift, and you may be able to take the capital loss on the asset. Please consult your broker to determine if this method is right for you. Please consult your attorney or financial advisor to determine the tax deductions that apply in your case. Center for the Arts, Evergreen cannot offer tax advice.
This type of gift is transfer is simple; have your broker electronically transfer the stock from your account to our account with:
Huiting Wealth Management Group of Wells Fargo Advisors – Randolph Huiting Phone #: 303-670-4904
Center for the Arts Evergreen
Account #: 4731-0355
Contact Center for the Arts to let us know that you have made a gift. Let us know if the funds are to be directed to the Capital Campaign.
Please be sure to give us your name and address. This is necessary because electronic transfers of stock are NOT MADE in the name of the owner (you), but in the name of the financial firm. We will only be able to provide you with a receipt letter if you notify us of your gift.