How are the date and value of my stock gift determined?
A. Your gift of stock is effective on the date the stock irrevocably leaves your control. If your bank or broker holds the stock, the gift date is the date of transfer. If you mail the stock to us, the gift date is the same as the postmark. If you hand-deliver the stock, the gift date is the date Aid to Artisans takes physical possession of the stock. The value of your gift for tax purposes is the fair market value of the stock on the gift date. In the case of publicly traded stock, the fair market value is the average between the high and low (or bid and asked) prices for the stock on the gift date. Special Note: In order to send our thanks, Aid to Artisans asks that either you or your broker advise us of your gift by sending a letter to Aid to Artisans, Development Office, 1030 New Britain Avenue, Suite 102, West Hartford, CT 06110. Please include the following information in your letter: – The donor’s name – The type of stock and number of shares given – The gift date – The approxim
