Charitable gifts of appreciated stocks, bonds or mutual funds held for more than one year can provide special tax advantages. The donor can claim a charitable tax deduction for the full fair market value of the securities donated to ArtGivers and will never have to pay capital gains taxes on the appreciation. Securities held less than one year may also be donated but the deduction is limited to the lesser of cost basis or market value.

How to transfer securities to ArtGivers

Organization name: ArtGivers Co.
Tax identification number: 87-0933082
Account number: 778-8862
DTC number: 8862

Merrill Lynch Wealth Management
4242 Six Forks Road, Suite 1800
Raleigh, NC 27609
919-829-2076

At the time of the transfer, it would be most helpful if the donor or the donor’s broker could contact Hanna Dolegowska at 919-829-2076 or hanna_dolegowska@ml.com.

Deduction: For gifts of publicly traded securities, the deduction is determined by taking the average, or mean, between the high and low trading prices of the security on the date of the gift (or the nearest trading date(s)).

Other securities: Closely held stock, Subchapter S corporate stock, limited liability company interests and partnerships can sometimes be used to make a charitable gift. Any proposed gift of such assets should be reviewed with ArtGivers and the donor's tax advisors in advance. An S corporation, limited liability company or partnership may also donate specific assets and the deduction will be divided among the shareholders or members.