Music Theatre Wichita offers a simple process through Commerce Trust Company for gifting appreciated securities. Donors can receive, in the form of a tax deduction, the full fair market value of the stock at the time the gift is made, as long as the stock has been held for at least one year.
Follow these easy steps:
1. Determine how you would like your gift to be used. It may remain in MTWichita’s endowment account, or used as an individual contribution for operating expenses.
2. E-mail email@example.com to alert MTWichita of your intent to donate appreciated securities and provide the name of stock, number of shares, and approximate value.
3. Contact Dawn Tatum with Commerce Trust Company at 316.261.4772 to arrange transfer of shares.
4. Commerce Trust Company will document the receipt and sale of donated stock and MTWichita will issue an acknowledgement receipt for your tax records.