[Michlib-l] Donation of appreciated stock

[Jessica Little]

Thank you for all of the wonderfully informative responses about 
donations of appreciated stock!

Jessica

On 11/3/2014 12:46 PM, Jessica Little wrote:
> 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