Gifts of Stock
A Tax-Savvy Way to Benefit from Growing Assets
Securities and mutual funds that have increased in value and been held for more than one year are popular assets to use when making a gift to Settlement Music School. Making a gift of securities or mutual funds offers you the chance to support our work while realizing important benefits for yourself.
When you donate appreciated securities or mutual funds in support of Settlement Music School, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
To execute an electronic transfer of stock:
Brokerage: Wells Fargo Advisors
DTC Number: 0141
Account Name: Settlement Music School
Account Number: 1971-1322
Please be sure to notify Amelia Schmertz, Chief Advancement Officer (215-320-2682 or amelia.schmertz@settlementmusic.org) of the name and address of the donor, the name and number of the securities transferred, and the purpose for which the gift is being made (for audit and acknowledgment purposes).
To Consider — for now or later: Legacy Giving
You can place a transfer on death (TOD) designation on your brokerage or investment account, to be paid to Settlement and other charities or persons after your lifetime.
State laws govern transfer on death accounts, so please consult with your bank representative or investment advisor if you are considering this gift.
Questions?