Donating Stock or Mutual Funds

It is easy to donate IRA, Trust, or other stock-based investments to the Hoffman Center for the Arts, a501(c)(3) nonprofit community art center in a very tax efficient manner–check with your accountant or broker.

Step 1 (Donor)

The donor instructs their investment manager (e.g. Vanguard, Fidelity, or stock broker) that they desire to transfer either a dollar amount of a mutual fund or stock shares, or a specific number of shares, to the Hoffman Center for the Arts, a 501(c)(3) nonprofit art center.

Step 2 (Donor’s Investment Manager)

The donor’s investment manager transfers the appropriate number of shares “in-kind” to the Hoffman’s investment account.  The in-kind format avoids the donor realizing a capital gain.

Step 3 (Hoffman’s Investment Manager)

The shares are received and liquidated, and the funds allocated to the proper categories.

Contact the Hoffman at [email protected] for account information details.