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. Please contact our broker, Huiting Wealth Management for specific instructions.
Please contact Center for the Arts (303-674-0056) and let us know that you would like to wire funds to our account. Please be sure to give us your name and address. This is necessary because wire and electronic transfers 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. Please contact our broker, Huiting Wealth Management for specific instructions.
Required Minimum Distribution:
If you have reached the age of 70 ½ and are faced with the RMD, keep in mind that up to $100,000 may be donated without tax obligations within the RMD guidelines. Please consult your tax advisor for information on supporting CAE in this manner.
Huiting Wealth Management Group of Wells Fargo Advisors
Randolph Huiting, Financial Advisor
Phone #: 303-670-4904
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.