Gifts of Stock & Mutual Funds
Gifts of Stock & Mutual Funds
There are a number of ways to support the American Theatre Organ Society, a non-profit public benefit corporation is organized under the Non-Profit Public Benefit Corporation Law for public and charitable purposes.
If you own stock or mutual funds, it may be more tax-wise to contribute these shares than cash. This is because a gift of appreciated stock or mutual funds generally provides you a two-fold tax advantage. First, you avoid paying capital gains tax on the increase in the value of the stock or mutual funds. Second, you receive a federal income tax deduction for the full fair market value of the stock or mutual funds at the time of the gift.
For example, if you purchased some stock many years ago for only $1,000, and now it is worth $10,000, an outright gift of this stock to ATOS would result in a charitable contribution deduction of $10,000. In addition, there would be no tax on the $9,000 appreciation in value.
Gifts of appreciated stock or mutual funds are fully deductible up to a maximum of 30% of your adjusted gross income. For example, if your adjusted gross income for the year is $100,000, up to $30,000 of long-term appreciated stock and other property gifts may be deducted for that year. Any excess can generally be carried forward and deducted over as many as five subsequent years.
It’s easy to make a stock or mutual fund gift to ATOS.
First, contact your broker or account manager and indicate you wish to make a donation to ATOS.
Second, to ensure that you are properly credited and acknowledged for your gift, please send the instruction sheet (download using the download button for the form (or a copy of your transfer letter) to:
Donna Parker, ATOS Membership Secretary
P.O. Box 6491
Aloha, Oregon 97007-0491
(503) 372-6987
email: d.parker [at] atos.org
Please note that this information should not be construed as legal or tax advice.
Please contact your own accountant, attorney, or tax advisor for assistance regarding stock or mutual fund gifts you may be considering making to ATOS.
See attached PDF Instructions for Gifts of Stock or Mutual Funds for your use.