Planned Giving
Give Appreciated Stock
A tax-smart way to support the FSO — donate appreciated securities and avoid capital gains tax.
Donating appreciated stock is one of the most tax-efficient ways to give to the Fredericksburg Symphony Orchestra.
Taxpayers are allowed a charitable deduction generally equal to the fair market value of the security and avoid paying capital gains tax on the unrealized gain. Thus, they are potentially giving more to the charity than if they had liquidated the asset and donated the cash net of taxes. Taxpayers must itemize in order to claim a charitable deduction.
Note: When deciding to make a direct gift of stock or cash to the FSO, remember that your deduction may be limited by your income. Cash gifts to a public charity are limited to 60% of AGI, while stock held for more than 12 months is limited to 30% of AGI. Excess deductions may be carried forward for up to five additional years. Your tax advisor can assist in determining whether these limitations apply.
The Advantages
Why Give Appreciated Stock?
✓ You receive a charitable deduction generally equal to the fair market value of the security.
✓ You avoid paying capital gains tax on the unrealized gain.
✓ You may be able to give more to the FSO than if you had liquidated the asset and donated the cash net of taxes.
✓ Your gift supports world-class live music and education in Fredericksburg.
Next Steps
How to Make a Gift of Stock
1
Seek the advice of your financial or legal advisor to confirm this strategy fits your situation.
2
Contact the FSO to notify us of your intended transfer and obtain the brokerage account details for delivery.
3
Instruct your broker to transfer the shares directly to the FSO's brokerage account.
Make Your Gift To
Legal Name
Fredericksburg Symphony Orchestra
Mailing Address
P.O. Box 5190, Fredericksburg, VA 22403
Federal Tax ID#
37-2006304
Questions?
We're Here to Help
Audra Bielke
Executive Director
P.O. Box 5190, Fredericksburg, VA 22403