Donate Stock

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 Associate Managing Director Sharon Broscha (laura@lyricarts.org or 763-233-0802) 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:

Aegis Investments
Jeff Ziegler, VP Trading
jeff@aegisinvestments.net
612-336-4432 (local)
800-535-7232 (toll-free)

If securities are held with your broker in “street name” form, he or she can transfer your stock with Letter of Authorization (LOA) via DTC directly to:

Aegis Investments
Delivery to DTC 0750
Lyric Arts account #54268474

Gift values are determined by the mean price on the day it is received by Aegis Investments.

If you have the stock

If you have the physical certificate, Aegis Investments can draft the Letter of Authorization for you and a stock or bond power assignment to safeguard the delivery of your securities to Lyric Arts. For safety reasons, you do not want to endorse the certificate and mail it. When the certificate is endorsed, it is negotiable by whomever has possession. The stock or bond power assignment replaces the signature on the certificate. You should never send the certificate and the power assignment in the same envelope.

Please contact Jeff Zeigler of Aegis Investments (information above) to obtain these forms. As always, we urge you to contact your tax advisor about how these rules apply to you.