Other Support Opportunities
Stock/Securities Donations
Donors wishing to make a donation of stock to OCHSA can transfer the stock directly via your own broker. If the you don't have a broker, as in the case of some of the on-line trading accounts, you can look for a "stock transfer form" on your accounts web site. This is an example used by E*Trade titled “Transfer stock or cash to a charitable organization”. You will need to provide OCHSA’s account and DTC number in order to start the transfer:
Brokerage Name: Merrill Lynch, Newport Beach
Brokerage’s DTC Nbr: 5198
OCHSA Account Nbr: 6NV-07140
Merrill Lynch & Co.
610 Newport Center Dr., Ste. 1350
Newport Beach, CA 92660
Phone: 949-467-3760
For assistance with your transfer, please contact John Grainger at
john.grainger@ocsarts.net or call 714-560-0900, ext. 6295.
Some basic FAQs:
Question: Once the stock is transferred to OCHSA’s account when is the stock sold?
Answer: It is our policy to sell the stock on the next trading day.
Q:Can a donor designate a specific program for a stock transfer?
A: Yes, stock donations can be designated the same way as any cash donation.
Q; Once the stock is sold how long does it take OCHSA to receive the funds?
A: Once a stock is sold a check for the net proceeds (actual sale price minus the sales fee) will be sent to OCHSA in about 7-10 days.
Q: What amount can a donor take as a tax deduction?
A: The donor receives a total charitable contribution for the average or median value of the HIGH and the LOW of the stock on the day that it was transferred to OCHSA.
Example: If the average price per share was $10.00, and 100 shares were donated, the total value of the donation to OCHSA would be $1,000.00.
Q: If a stock is donated to us to satisfy an existing pledge, such as a Parent Funding Agreement, what dollar amount is credited to the pledge?
A: The total value of the donation, as seen in the example above, is the amount that would be applied to the pledge.
Q: What about the brokerage fee? Is this deducted from the amount before it is credited to the pledge?
A: No, the donor is credited for the full value of the donation as seen in the above example.
Q: What if the stock is sold at higher or lower price than the average price that was credited to a pledge? Do we adjust the amount that is credited to a pledge?
A: No, the donor is credited for the value of the donation as seen in the above example.
Q: What IRS publications cover the donation of property including stock?
A: See IRS Publication 561, Determining the Value of Donated Property, for how to determine the “Fair Market Value” of a donated stock. Also see IRS Publication 526, Charitable Contributions, for a general decision of charitable contributions. These are the PDF links to the publications: IRS 561 & IRS 526
Q: What is the benefit of a stock donation from a donor’s perspective?
A: Basically, you avoid paying taxes on the appreciated value of the donated stock. See this Motely Fool article here if you what to know more, or contact a tax adviser.
A gift to the Orange County High School of the Arts is a gift to much more than youth, arts and academics, as important than they are. It is an investment in the very best of public education. At a time when arts education has been virtually eliminated from traditional high schools, the Orange County High School of the Arts conservatory programs have never been more important.
An accredited public charter school, the Orange County High School of the Arts receives money from the State of California to fund its top-ranking academic program. However, the school relies solely on the generosity of individual donors, the business community, and foundations to fund the eleven pre-professional arts conservatories.
For additional information, please contact Cathy Michaels at cathy.michaels@ocsarts.net or 714.560.0900 Ext. 5532.