Gifts of Securities
How to Make a Gift of Publicly Traded Stock
If you are planning to make a gift of stock to PACE, contact the Director of Development, at 425.462.0092 or 
. The procedure differs depending on whether you have the physical stock certificate or the broker keeps your stock "in street name" as a DTC eligible security at a brokerage house.
If it is the latter, you will need to provide your broker's name and telephone number, along with the name of the stock and the number of shares you are donating. Since your name does not accompany an electronic transfer of shares, it is very important you notify PACE Development staff of your intent. We will then notify our broker to expect a gift from you for PACE.
Or your broker can transfer your securities via DTC directly to:
- McAdams Wright Ragen, Inc.
- DTC # 0226
- For credit send to account RB6020281
- In name of Performing Arts Center Eastside (PACE)
- Attention: Linda Bonomi, Director of Development
Please ask your broker to put your name in the delivery instructions (last name first, in the event that the instructions do not get transmitted in their entirety).
McAdams Wright Ragen is located at 777 108th Ave. NE, Suite 1600, Bellevue, WA 98004; Broker Brian Orrico can be reached by phone at 425.274.4218 or by email at borrico@mwrinc.com; Broker's Assistant Debby Johanson, phone 425.274.4215, e-mail djohanson@mwrinc.com.
How Your Gift Is Valued
The value of your gift of publicly traded stock will be calculated by using the mean value per share (average of the high and low quotations) on the date the shares arrive in our brokerage account. If you are concerned about the timing of the gift please be sure to work closely with your broker to ensure that the shares are transferred in a timely manner.
Securities Other than Publicly Traded Stock
Bonds, mutual fund shares, privately held stock, and certain other securities can also be donated to PACE. The considerations involved in transferring and valuing each type of security can vary, so please contact Linda Bonomi, Director of Development at 425.462.0092 or
.
Tax Advantages
Under current tax laws, a donor must have owned the securities for more than one year in order to maximize the benefits of donating them to PACE. An immediate income tax charitable deduction is available for the full value of securities contributed to PACE, although use of the deduction is limited to 30% of adjusted gross income the year of the gift. Any excess deduction may be carried over to the following year as many as five times. The extra benefit of making a gift of long-term appreciated securities is that federal capital gains tax on the unrealized total appreciation can be avoided.
As always, we urge you to contact your tax advisor about how these rules apply to you.