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Gifts of stocks, IRA distributions

Gifts of Stocks and Securities

Gifts of stock are a great way to support the Virginia Museum of Natural History, allowing you to claim a charitable deduction for the full market value of the securities on the date the gift is made. For all gifts of stocks and securities, we encourage you to consult your tax adviser when considering such a gift.

To make a gift of securities to VMNH, please follow the directions below:

  1. Instruct your broker to transfer the chosen securities to the VMNH brokerage accounts listed below.
  2. Notify VMNH that you have initiated the gift so that we may properly allocate the funds and provide you with a tax receipt. Contact Charlotte Harter, VMNH Foundation, at 276-634-4162 or charlotte.harter@vmnh.virginia.gov with your broker’s name and phone number, the stock you wish to give including the number of shares, and the intended purpose of your gift.

BB&T Scott & Stringfellow
Contact: Patrick M. Wales Financial Advisor: DN15
Account: Virginia Museum of Natural History Foundation
Account Number: 2367646
DTC Number 0702



Qualified Charitable Distributions (QCDs) and Required Minimum Distributions (RMDs)

When planning your IRA withdrawal strategy, you may want to consider making a charitable contribution to the Virginia Museum of Natural History through a QCD or RMD.

A QCD is a direct transfer of funds from your IRA custodian, payable to a qualified charity. QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year, as long as certain rules are met.

To learn more about Qualified Charitable Distributions, Required Minimum Distributions and more, please consult your financial advisor or review the IRS guidelines at https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-distributions-withdrawals

To learn about VMNH programs you can support through your IRA distributions, please contact Ryan Barber at 276-634-4163 or ryan.barber@vmnh.virginia.gov

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