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SIMPLE STEPS FOR GIVING A GIFT OF SECURITIES (STOCKS, BONDS, MUTUAL FUNDS, AND EXCHANGE TRADED FUNDS)
IF YOU WOULD LIKE TO GIFT STOCK/SECURITIES, IT'S A STRAIGHTFORWARD PROCESS WITH THE FOLLOWING STEPS:
Contact your financial advisor or brokerage firm and initiate a "broker to broker" transfer. Instruct your broker to donate the stock directly to Ballet Fantastique. (If you have an account you self-manage, simply ask for a “DTC Transfer Form” from the custodian.)
Select the number of shares and the name of the stock you’d like to gift (eg: “12 shares of Microsoft”).
Instruct your stock gift to go into Ballet Fantastique’s account (see below). Your broker or brokerage firm can then transfer the securities directly to Ballet Fantastique’s account. NOTE: The appreciated securities should be transferred to Ballet Fantastique before being sold, to avoid capital gains taxation.
Please note: Unless you prefer for your donation to be confidential, it can be helpful to include your full name on the memo line, so that Ballet Fantastique can recognize your gift and send you a receipt for tax purposes! We are not able to see the donor unless you or your broker shares this information with us.
DTC #0164 CHARLES SCHWAB & CO.
BALLET FANTASTIQUE ACCOUNT #50728793
NAME ON ACCOUNT: BALLET FANTASTIQUE
NOTE: If you are a client of Charles Schwab, your account representative can help you with an internal “move assets form” (typically takes 1–2 business days).
If you are not a client of Charles Schwab, account transfers typically take 2–3 business days.
Feel free to contact us with any questions! hannah[at]balletfantastique.org | 541-342-4611 (studio/message line)
WHY CONSIDER GIVING DEPRECIATED SECURITIES
For securities that have lost value (depreciated), the key is to sell them first and then give the cash proceeds to Ballet Fantastique. You benefit tax-wise in two ways—you can take both the loss deduction and the charitable deduction.
WHY CONSIDER GIVING APPRECIATED SECURITIES
For securities that have increased in value (appreciated), the key to receiving tax savings is to donate the shares directly to BFAN. You receive a double tax benefit and potentially better diversify your portfolio:
Avoiding capital gains on the profit you’ve gained, and
Receiving a full tax deduction for the fair market value of your gift.
MAKING A STOCK GIFT IS EASY. USE THE BROKERAGE INFORMATION BELOW:
For gifts of appreciated securities, please provide your broker with the following information to facilitate the transfer of shares:
DTC #0164 CHARLES SCHWAB & CO.
BALLET FANTASTIQUE ACCOUNT #50728793
NAME ON ACCOUNT: BALLET FANTASTIQUE
NOTE: If you are a client of Charles Schwab, your account representative can help you with an internal “move assets form” (typically takes 1–2 business days).
If you are not a client of Charles Schwab, account transfers typically take 2–3 business days.
Contact us
We’re here to connect with you! Reach out to us: hannah[at]balletfantastique.org
For tax purposes, donations of stock will be valued at the full FMV as of the date of transfer.