Donating stock or mutual funds protects the future of music.
You can make a gift of appreciated securities — publicly traded stocks, bonds and mutual fund shares — to the Colorado Springs Philharmonic while avoiding capital gains tax, diversifying your portfolio and/or securing a stream of income. It’s easy to do – simply fill out this form to get started!
For personal assistance, contact us at (719) 575-9632 or catherine@csphilharmonic.org.
How it works
- You transfer appreciated securities to the Colorado Springs Philharmonic.
- The Philharmonic sells the securities and uses the proceeds to fund its year-round mission of music and service.
Benefits
- Receive credit and an immediate income tax deduction for the fair market value (average high and low prices on the day of the transfer).
- Receive acknowledgement as a donor, plus all customary benefits offered to donors.
- Avoid capital gains tax.
Please note that the securities you use to make your gift must have been held by you for more than one year to be fully deductible.
Stocks
- Contact the Philharmonic’s development team via our online form or by calling 719-575-9632.
- Draft a letter to your broker providing instructions for the stock transfer.
- Follow the following stock transfer instructions:
Account name: Colorado Springs Philharmonic (Tax ID # 74-3091110)
Account number: 087-731072
DTC Number: 0226
Broker:
Winston Crowley
UMB Financial Services, Inc.
1670 Broadway
Denver, CO 80202
(303) 839-2226
Mutual Funds
- For mutual funds, we kindly ask that you or your broker contact us first so we can research and be sure these funds will be accepted into our account.
- Draft a letter to your broker providing instructions.
- Mutual fund transfers usually take longer to transfer. The Philharmonic may even need to create an account with the mutual fund company before the transfer can occur.
