A gift of securities (stocks, bonds, mutual funds) to CMSS can help the school grow and meet its goals for continued service and music education while also helping you. Securities that have grown in value are usually taxable as capital gains at the time of sale. By donating the securities to CMSS you avoid the capital gains tax and receive the benefits of a charitable contribution at the fully appreciated amount.
Make a gift of stocks, bonds or mutual funds
If your shares are held in a brokerage account, simply instruct your broker (in writing) to “deliver from my account #__________ shares of (name of stock, bond or mutual fund) to DTC #0443, St. Germain Investments, account of Community Music School of Springfield #DJS-937453.” Send a copy of your letter to Sierra Simmons, Development and Grants Manager, CMSS, 127 State Street, Springfield, MA 01103.
If the shares you wish to contribute are in the form of actual stock certificates, you can endorse the back of each certificate and deliver the certificates in person or via registered or certified mail to CMSS or mail an unendorsed certificate to CMSS (attn: Sierra Simmons) and separately mail a signed stock power with the assignment space left blank.
Community Music School of Springfield’s Federal Identification Number is 22-2501478. Shortly after CMSS receives your gift, we will send you a valuation letter with which you can document your charitable contribution.