appreciated stock donations

It’s simple and easy. When you donate appreciated stock to Young Audiences of Houston, you’ll generally take a tax deduction for the full fair market value. And because you are donating stock, your contribution and tax deduction may instantly increase by over 20%. The same benefits apply to bonds and mutual funds.

 

When transferring a gift of appreciated securities to Young Audiences of Houston, please call our office to confirm the donation first.

 

How to donate appreciated stock:

  1. Please contact Mary Mettenbrink, (713) 520-9264.

  2. Prior to the receipt, please send Young Audiences of Houston a letter of transmittal that will confirm your gift (sample letter below). Please state in this letter the name of the appreciated securities and the number of shares to be transferred.

  3. The date that the stock is received in the Young Audiences of Houston's DTC account [0226] is the date of the gift. 

  4. The value of the stock is determined by taking the average of the high and the low on the date of receipt into the account.

  5. The securities will be sold no later than the next business day following date of receipt.

  6. If you have any questions about this transaction, please call Mary Mettenbrink at (713) 520-9264.

_________________________________________________________________________

 

SAMPLE LETTER OF TRANSMITTAL

TO: Young Audiences of Houston
FROM: Mr. and Mrs. John Smith
RE: Stock Donation

DATE: XX/XX/20XX

 

Mr. and Mrs. John Smith are transferring ______ shares of ___________ stock to Young Audiences of Houston through the organizations DTC account 0226 at National Financial Services.

 

This gift is: (CHOOSE ONE)

 

  • A fulfillment/partial fulfillment of my/our pledge.

  • A general operations donation.

  • Going towards a fund designated to ____________________.

 

Please email this letter to Young Audiences of Houston, attention to Mary Mettenbrink.

Phone: 713.520.9264

Office: 4550 Post Oak Place, Suite 230, Houston, TX 77027

Young Audiences, Inc. of Houston © 2019