Personal donations
Stock donation program
Donating appreciated stock to a nonprofit 501(c)(3) organization such as the Folk Arts Center has significant tax advantages for the donor. For appreciated securities held longer than one year, the full fair market value of a stock donation can be deducted; consult a tax advisor for details. FAC’s broker sells the donated stock and remits the proceeds to FAC.
Stock held at a brokerage account can be delivered electronically through the DTC (Depository Trust Company) program. When you wish to make a gift of stock to FAC, include the following in the information that you provide to the transferring broker:
FAC’s account name: Folk Arts Center of New England, Inc.
FAC’s account number: WO 26408-OS
Clearing broker: UBS Financial Services, 10 Chestnut Street, Suite 600, Worcester, MA 01608
Clearing broker’s DTC number: 0221
In addition to working with your broker to complete the physical transfer of stock, the donor or transferring broker must provide FAC with the donor’s name and complete address and the name and number of securities transferred, so that we may send you a gift receipt for audit and acknowledgment purposes.
We are grateful to the Folk Arts Center’s members and friends who help FAC through this program. If your donation is specifically for the Afghan Children’s Songbook Project, or if you have any questions, please contact the FAC office.
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