Donate your stock
Your charitable dollars make a bigger impact by donating stock to Ballet 5:8. You receive the full, fair market value as a charitable tax deduction and Ballet 5:8 pays no capital gains tax on the stock.
Simply put, your investment goes further.
What are the tax benefits of donating stock to a nonprofit?
Donating stock directly to a nonprofit, like Ballet 5:8, can increase the amount of money received by the nonprofit while reducing tax burden for the donor. When you donate appreciated securities (investments that have increased in value from the time they were purchased), some individuals and households may be able to take advantage of IRS tax provisions to claim a charitable tax deduction for the full, fair market value of the securities. This means you may avoid paying capital gains tax on the transfer.
Your financial advisor can explain the possible tax benefits depending on whether the stock has appreciated or lost value since the time you acquired it.
How does a nonprofit benefit from a stock donation?
Another benefit of donating your stocks directly to a nonprofit is that the organization can receive a larger donation than if you donated the cash from the sale of those stocks. When you donate stock to a nonprofit, you typically do not have to pay taxes on the gains of the stock.
How to donate stock to nonprofits: a step-by-step guide for Ballet 5:8
Step 1
Choose what type of stock and how many shares you want to donate
You will need to know the name of the stock and its ticker symbol if it is a publicly-traded stock. For non-publicly traded stock, please contact us at (800) 377-3216.
Step 2
Contact your financial institution to request the transfer
Provide your advisor or broker with the following wiring instructions:
DTC ID #0075 for further credit to Ballet 5:8
Account #2837-9534 at LPL Financial
Step 3
Contact us to inform us of your gift
Please contact us in advance at (708) 840-3687 or jwslager@ballet58.org to inform us that you are gifting stock to Ballet 5:8 in order to receive your tax receipt.
Step 4
Look for tax receipt and acknowledgment from Ballet 5:8
You will receive an acknowledgment letter following your donation to confirm your gift was processed.
To claim the tax benefits of donating stock to Ballet 5:8, report the stock donation when you file your tax return.
Give stock through your institution
Click on the institution name that holds your stock account to give to the mission of Ballet 5:8.
Please use the following legal name and tax ID:
Ballet Five Eight NFP 11545 183rd Place Suite 101 Orland Park, IL 60467
Tax ID Number: 45-5395602
Why donate to Ballet 5:8?
In 2012, Julianna and Amy started a movement in the dance industry. They believed that the best art could connect communities, heal families and shape generations. They based this belief in the love of the Creator who is the source of all things good, true and beautiful. Today that mission has shaped thousands of lives. Young children have a safe space to dance and explore. Teenagers from underserved backgrounds are told with words and actions that their dreams can become a reality. Adults worn down from long weeks have a moment of revitalization as they experience art that makes them feel seen. Dance has the unique power to transcend language, culture and background to create a shared experience that can shift the atmosphere of our daily lives. Hope, joy and healing speak loudly when they are transmitted through the living poetry of Ballet 5:8