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Give a gift of stocks or securities
Gifts of appreciated stocks offer donors unique advantages over cash-based
gifts. In addition to receiving a tax-deduction for the gift, donors may also
avoid capital gains taxes on the appreciated value of the securities. Gifts of
securities also provide donors an increased capacity to give.
If the stock is in a brokerage or bank trust account:
Donors should instruct their stock broker/banker by telephone and follow up
with a letter to have the stock electronically transferred to the Quinlan
account. Our broker's contact information is:
Wells Fargo
Advisors
P.O. Box 1417
Gainesville, GA
30503
770-532-6361
Quinlan Arts Inc.
Account #5187-5023
DTC#0141
QVAC Federal Tax ID #58-6040517
You may contact the Quinlan at (770)536-2575 or send a letter containing:
Name of the stock and number of shares
Your name address and telephone number
The purpose of the gift
The date of the gift
Mail to: Quinlan Visual Arts Center 514 Green Street, N.E. Gainesville, GA
30501
If you prefer to notify us by email:
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If the stock gift is in the form of a stock certificate registered in your
name, send the stock certificate(s) plus a signed stock power to the above
address. The donor's signature must be notarized or guaranteed by a bank
officer or stockbroker. Please mail the stock power under separate cover. In
case of loss or theft, the stock cannot be transferred without both documents.
Deductibility of stock-based gifts
For tax purposes, the gift is valued at the average of the high and low
price on the day the shares are transferred to the Quinlan Visual
Arts Center.
Please retain the transfer statement you receive from your broker as well as the
gift acknowledgement letter you receive from the Quinlan Visual
Arts Center.
Your personal tax advisor will need these in order to calculate your deduction
and process your return.
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