[Michlib-l] Donation of appreciated stock

[Jessica Little]

Hi,

I need some advice about appreciated stock donations. A private citizen 
is interested in possibly donating appreciated stock to our 501 (c)3 
Friends of the Library group, which has never accepted donations of this 
kind before and doesn't know what would be involved in accepting the 
donation. Do you have any advice or can you point me in the correct 
direction to find information about the steps involved and any 
complications that might arise from accepting stock/securities 
donations? They're a small group, usually netting between $1000 and 
$2000 annually, eligible for filing a 990EZ form and a biannual rather 
than annual audit.

Thank you!

Jessica Little

-- 
Library Director
T.A. Cutler Memorial Library
312 Michigan Ave.
St. Louis, MI  48880
(989) 681-5141