Gifting stock can result in a donation that costs just pennies on the dollar. Stocks held more than 12 months offer a two-fold tax savings. You avoid paying capital-gains tax on the increase in value of your stock, and you receive a tax deduction for the full fair market value of the stock on the date of the gift.
How to give stock:
To make a stock gift to ACDA-MN’s F. Melius Christiansen Endowment Fund, please provide the following information to your broker in writing:
Broker/Dealer: TD Ameritrade
DTC Code: 0188
Account Registration: American Choral Director’s Association of Minnesota
Account Number: 931045744
ACDA-MN Tax ID #: 41-1816497
Then, please contact us at 952.270.7489 to inform us of your transaction so that we know the gift is from you. Thank you!