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If you are interested
in giving a gift of stocks, bonds or
mutual funds to the Alton Symphony
Orchestra, contact us or Josh Farley with
Edward Jones Investments here in Alton.
Yes, Alton Symphony
Orchestra accepts cash donations as well
as gifts of stocks, bonds or mutual funds.
By giving a gift of stocks, bonds or
mutual funds, you are parting with
dominion and control of the stock to the
orchestra thus eliminating the capital
gains taxes you would have owed if you
sold it.
A stock is said to
have highly appreciated if it is valued at
a higher rate now than when you originally
purchased it. By giving a gift of stock to
the Alton Symphony Orchestra, you
generally receive a full deduction of the
entire value of the asset, while
avoiding the capital gains tax which
would have been due had you sold it.
For more information,
contact Josh Farley at (618) 462-4465.
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