Gift of Stock or IRA Distribution
Gift of Stock
Making a gift of stocks or securities is simple, and may offer you greater tax benefits than a cash contribution. You will receive an income tax deduction that is equal to the fair market value of the stock on the date that it is transferred to Pittsburgh Public Theater. You will avoid paying capital gains tax on any increase in the stock's value over its original cost. You may also save by not incurring brokerage fees, because you will be transferring ownership rather than selling the stock.
Your broker can assist you in making a stock gift via direct transfer to Pittsburgh Public Theater. Please contact Cindy Tutera, General Manager, at 412.316.8200, ext. 705 to receive The Public's stock broker and account information.
You can make a contribution to Pittsburgh Public Theater directly from your IRA. Current tax laws enable you to rollover unneeded income from an IRA's Required Minimum Distribution to a charitable organization, without having to recognize the income on your tax return. You must be at least 70 1/2 to take advantage of this option. Contact your IRA provider to ask about an IRA Charitable Rollover for more information.
For any questions, contact Gerri Weiss, Director of Development, at 412.316.8200, ext. 706.