Gifts of Stock
Interested in making a gift of stock to the Visual Arts Center of Richmond? Gifts of publicly traded securities that have appreciated in value let you claim a charitable deduction for the full market value of the securities on the date the gift is made. You pay no capital gains tax on the appreciation and VisArts receives the full value of the gift.
To make a gift of securities to VisArts, please follow the directions below:
- Instruct your broker to transfer the chosen securities to VisArts’ brokerage account via the Depository Trust Company (DTC). VisArts’ account information is listed below.
- Notify VisArts that you have initiated a gift so we can properly allocate the funds and provide you with a tax receipt. Contact Lizzie Oliver, VisArts’ Director of Development, at 804-353-0094 ext. 227 or [email protected] with your broker’s name and phone number, the stock you wish to give, including the number of shares, and the intended purpose of your gift.
- Once the securities have been transferred by the DTC, VisArts will be notified that your gift has been received.
VisArts Account Information:
Contact: Ryan Maglio
DTC Number: 0141
Acct Name: The Visual Arts Center
Account Number: 43505933