Lyric Arts gratefully accepts gifts of stock—and you can receive significant tax benefits when you give long-term appreciated stock.

Under current tax laws, you can take a tax deduction for the full fair market value of the stock up to 30% of your adjusted gross income in the year the gift was made, with a five-year carryover for any “excess.” In addition to a charitable gift tax deduction, a gift of stock may also offer the extra benefit of avoiding capital gains tax on the stocks’ unrealized appreciation.

How to donate stock

Contact your broker and determine the stock and the number of shares you would like to contribute.  Please contact Executive & Artistic Director Laura Tahja Johnson (laura@lyricarts.org or 763-233-0801) with the following information so that we can instruct our broker to accept delivery of your gift and acknowledge it properly for income tax purposes:

  • Your name
  • Name of stock
  • Approximate number of shares
  • Approximate value of the gift
  • Estimated date of transfer
  • Your broker’s name, company and telephone number

Lyric Arts Company of Anoka’s Account Representative is:

Account title: Lyric Arts Company of Anoka, Inc

Account #: 6EF006088

DTC Number: 0443

 Anthony Brinda
 UnderDog Wealth Management, LLC             
 10650 County Road 81, Suite 217                 
 Maple Grove, MN 55369
 
 office:   (763) 497-3000
 fax:      (763) 322-5027
 cell:     (612) 308-6181
 
 www.underdogwealthmanagement.com