make a gift of stock
Giving appreciated stock to the Los Angeles Chamber Orchestra can mean tax benefits for you. If you hold stock that has gone up in value, you can get a charitable deduction for the full value and avoid paying any capital gains tax. Consult your tax advisor for details.
Gifts of stock qualify the donor for the same donor benefits as a gift of cash. See more information on donor benefits.
notify the orchestra
When planning to make a gift of stock to the Los Angeles Chamber Orchestra, please notify us by calling Lacey Huszcza at 213 622 7001 x 202 or via email at email@example.com
In order for LACO to properly credit the gift, it is important that you or your broker contact the Orchestra’s development department with your name and the intended purpose of your gift.
stock transfer via dtc
To transfer stock to LACO electronically via Depository Trust Company, or DTC, you will need to provide DTC transfer instructions to your broker.
When you or your broker calls the Orchestra to notify us of the contribution of stock, we will provide the DTC transfer instruction and account details. It is important that you ask your broker to reference your name in the transfer.
HOW AN ELECTRONIC TRANSFER OF STOCK WORKS
- Your broker sends your gift instructions to Charles Schwab via the Depository Trust Company (DTC).
- Charles Schwab notifies LACO that your gift of stock has been received.
- LACO sells the securities through the Orchestra’s brokerage account.
- The Orchestra receives the proceeds from the sale from Charles Schwab on settlement date.
gifts of proprietary stock
Some stock cannot be transferred directly into the Orchestra’s Charles Schwab account. If you believe you are in need of special instructions to make a gift of proprietary stock, please contact the LACO development office and we will provide additional information.
For further information about making a contribution to the Los Angeles Chamber Orchestra, please call 213 622 7001 x 4.