You don't have to use cash to make a gift; you can make a gift through appreciated securities instead.
You will receive an immediate income tax deduction for the fair market value of the securities on the date of transfer (even if you originally paid much less for them), and you will pay no capital gains tax on the transfer when the stock is sold.
Giving appreciated stock can be more beneficial than giving cash because the “cost” of your gift is often less than the deduction you gain by making it.
How It Works
Transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to the Walters Art Museum.
The Walters sells your securities and uses the proceeds for our programs.
The Walters Art Museum respectfully requests all donors of stock or their financial advisors please call Liz Goldberg, Manager of Individual Giving, at firstname.lastname@example.org or call 410-547-9000, ext 203, to advise of any incoming gift of securities. Please provide the name of the stock and ticker symbol, the number of shares being transferred to the Walters, and the purpose for which the stock gift is intended. There are immediate sale instructions for all gifts of securities to the Walters.
Federal Tax ID Number: 52-1194738
Officer, Fiduciary Advisor
Institutional Client Services
(p) 412.762.2864 | (f) 800.449.7382
Account #: 21-46-001-5878589