Stock Gifts Real Estate/Closely held stock/LLC Life Insurance Tangible Personal Property
Stock Gifts Seattle Rep gratefully accepts gifts of stock — and you can receive significant tax benefits when you give long-term appreciated stock. Under current tax laws, you can take a tax deduction for the full fair market value of the stock up to 30% of your adjusted gross in the year the gift was made, with a five-year carryover for any "excess." In addition to a charitable gift tax deduction, a gift of stock may also offer the extra benefit of avoiding capital gains tax on the stocks' unrealized appreciation.
How to transfer if your broker holds the stock: Contact your broker and determine the stock and the number of shares you would like to contribute. Then please contact Alex Harris, Director of Individual Gifts, at 206-443-2210 ext. 1018 or at with:
* Your name * Name of stock * Approximate value of the gift * Estimated date of transfer * Your broker's name, company and telephone number * Whether the gift is designated to the Annual Fund or the Endowment
Seattle Repertory Theatre's Account Representative is: Victory Capital Management VictoryConnect Client Service Center vsc@key.com (888) 539-7747 (phone) (216) 813-4445 (fax)
If securities are held with your broker in "street name" form, he or she can transfer your stock via DTC directly to:
Victory Capital Management DTC — Key Bank Participant No 2205 For credit to either:
Annual Fund: Seattle Repertory Theatre Investment account #40-20-423-0607930 Endowment: Seattle Repertory Theatre Foundation account #40-20-423-0607920
Gift values are determined by the mean price on the day it is received by Victory Capital Management. Victory Capital Management handles all gifts of stock benefiting the Seattle Rep, free of any commission charges for either the seller or the recipient.
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If you have the stock If you have the physical certificate, we can provide you with a sample letter of authorization (LOA) and a stock or bond power assignment to safeguard the delivery of your securities to Seattle Repertory Theatre. For safety reasons, you do not want to endorse the certificate and mail it. When the certificate is endorsed, it is negotiable by whoever has possession. The stock or bond power assignment replaces the signature on the certificate. You should never send the certificate and the power assignment in the same envelope. Please contact Alex Harris, Director of Individual Gifts, at 206-443-2210 ext. 1018 or at to obtain these forms. As always, we urge you to contact your tax advisor about how these rules apply to you.
Real Estate/Closely held Stock/LLC The Seattle Rep accepts gifts of real estate, shares in closely held stock, LLCs and Family Partnerships upon review and acceptance by our Executive Committee. For questions about donating a specific gift of property, please contact Alex Harris, Director of Individual Gifts, at 206-443-2210 ext. 1018 or at
Life Insurance A gift of life insurance can provide a significant contribution to Seattle Repertory Theatre. Many people own a life insurance policy that is no longer needed. Giving an existing policy will provide an income charitable deduction for the approximate cash value of the policy — or if purchasing a new policy, for the premiums you pay — if the Seattle Repertory Theatre is named as the beneficiary and owner of the policy. You can also name the Seattle Repertory Theatre as a beneficiary of an existing Life Insurance policy as part of your estate plans. For more information, please contact Alex Harris, Director of Individual Gifts, at 206-443-2210 ext. 1018 or at
Tangible Personal Property Items such as artwork, rare books, antique furniture, musical instruments, etc., also make good gifts to the Rep. Such gifts under current tax laws entitle you to a deduction of the property's full fair market value — up to 30 percent of your adjusted gross income — as long as the use of the property is related to the Rep's purpose, it is capital gain property, and you have owned it for more than one year. You may also give personal property that is unrelated to the Rep's purpose in which case the charitable deduction is limited to your cost basis. For more information, please contact Alex Harris, Director of Individual Gifts, at 206-443-2210 ext. 1018 or at .
