Gifts of Appreciated Securities
A $5,000 cash gift and a gift of $5,000 in appreciated securities both generate the same charitable deduction. But if you use publicly-traded stocks, bonds or mutual fund shares that you have held for a year or longer to make your gift, you will receive an additional tax benefit: the IRS allows you to make your transfer to the ASO without recognizing capital gains on the appreciation. You can thus leverage a larger donation than you could make with cash — and receive a larger tax deduction — by "buying low and giving high."
Your gift of securities is valued as of the day the securities reach our account if your broker transfers them electronically, or the postmark date if you mail them. Your gift value is the average of the high and the low prices for the securities on that date (for mutual fund shares, it is the net asset value).
Important Tip: Don't sell the stock first. Even though you give us the proceeds as a gift, the IRS will impose capital gains tax on your sale, wiping out the benefits of this arrangement.
Instructions for Transferring Gifts of Securities
Please send written instructions to your broker of your gift specifying that it is to be a charitable contribution to the Robert W. Woodruff Arts Center, Inc. The Federal Tax ID is 58-0633971. State in your instructions the issuer of the stock and either the number of shares or the estimated gift value for which you intend. Please request donor data, such as First and Last Name, as well as to which division (Alliance Theatre, Atlanta Symphony, High Museum, Atlanta College of Art, Young Audiences) the gift is intended, to be transmitted with the securities. This will ensure that your gift is processed and given to the appropriate division in a timely manner.
Your broker may transfer securities to our account (under The Robert W. Woodruff Arts Center, Inc.) at:
| Broker Firm: | Bear Stearns |
| Broker: | Mr. Sam Srochi
(404) 842-4372 phone, (404) 995-4915 fax |
| Address: | 3424 Peachtree Road, NE
Suite 1700
Atlanta, GA 30326 |
| Account # | 050-02413 |
| DTC # | 0352 |
| Broker Firm: | Smith Barney |
| Broker: | Ms. Frances Levine
(404) 266-6602 phone, (404) 262-9142 fax, frances.h.levine@rssmb.com |
| Address: | 3333 Peachtree Road
Atlanta, GA 30336 |
| Account # | 411-13276-17-409 |
| DTC # | 418 |
| Broker Firm: | Merrill Lynch |
| Broker: | Mr. Bert Ponder
(404) 264-2072 phone, (404) 264-2918 fax |
| Address: | 3455 Peachtree Road
Suite 1000
Atlanta, GA 30326 |
| Account # | 706-04B83 |
| DTC # | 5198 |
So that the Woodruff Arts Center may know when to expect the transfer, please send, fax or email a copy of your instructions to:
Woodruff Arts Center
1280 Peachtree Street NE
Atlanta, GA 30309
Attn: Josh Carstens, Campaign Records Manager
Phone: (404) 733-5300
Fax: (404) 733-4281
Email: joshua.carstens@woodruffcenter.org
More
To learn more about gifts of appreciated securities, Email us, complete the Information Request Form, or call us at (404) 733-4277 so that we can assist you.
Jessica Langlois
Special Gifts & Planned Giving Officer
Atlanta Symphony Orchestra
1280 Peachtree Street NE
Suite 4074
Atlanta, GA 30309
(404) 733-4277 | Fax: (404) 733-5294
jessica.langlois@woodruffcenter.org
