GIFTS OF STOCK
Below is information about transferring securities electronically to California Shakespeare Theater. We encourage you to choose securities that meet these criteria:
- You have owned them for at least a year. If not, your charitable donation will be limited to what you paid for the securities, including fees.
- They are worth more than what you paid for them. If not, consider selling the securities and giving the Theater the proceeds. Doing this will allow you to claim a capital loss and a charitable income tax deduction if you itemize deductions on your income tax return.
- They are publicly traded (i.e. are listed on a major exchange). In many cases we can handle securities that are not listed on a major exchange, are subject to certain restrictions, or even are issued by a closely-held company, but these transactions take time and pose valuation issues.
Information for Your Broker
Besides the following information about the Theater’s account, your broker also may need written authorization from you before the transfer can take place.
Check with your broker for specific requirements:
Acct. Title: California Shakespeare Theater
Acct. #: BHS-295919
DTC #: 0226
Tax ID: 51-0169452
BROKER: Rob Mayberry, Vice President & Financial Advisor Wealth Management
firstname.lastname@example.org | www.cnb.com | 650.696.6448 | Fax: 310.888.6388
City National Securities
Bay Area Regional Center
1450 Chapin Ave.
Burlingame, CA 94010
Depending on your brokerage firm’s internal procedures, transferring shares can take as little as one or two business days or as long as ten to fifteen. Keep this in mind near the end of the calendar year. For income tax purposes, your gift is complete only when the shares reach the Theater’s account.
Please notify us
Not all brokerage houses routinely convey the donor’s name as part of the transfer process. To ensure prompt processing and acknowledgement of your gift, please notify us when you have authorized a transfer of shares, including the name of your brokerage house and the name and number of shares of each security transferred.
If you’d like more information, please contact our Donor Relations Manager Shanti Peterson at email@example.com or 510.899-4907.
We’re so thankful for your gift!