Stock and Retirement Fund Direct Donations
Maximize the impact of your charitable donations for both you and CMCArts with numerous tax benefits. Donating stocks is easy with CMCArts' UBS trusted global banking account. Making pre-tax distributions from your retirement IRA or 401k is also easy and simply requires a call to your broker/financial advisor.
Retirement Fund Donations: Make a tax free charity distribution directly from your qualified retirement IRAs and 401k accounts. A qualified charitable distribution is an IRA withdrawal that is paid directly from your IRA to CMCArts tax-free. IRA owners must be age 70 1/2 or older to make a tax-free charitable contribution. Those who meet the age requirement can transfer up to $100,000 per year directly from an IRA to an eligible charity without paying income tax on the transaction. If you file a joint tax return, your spouse can also make a charitable contribution of up to $100,000, meaning couples can exclude up to $200,000 of their retirement savings from income tax if they donate it to charity.
DAF: Make a distribution to CMCArts, Inc. from your Donor Advised Fund (DAF)
Stock: Donating stock (vs. cash) saves you a lot of money. When you donate stock, you avoid capital gains tax while earning a bigger tax deduction. CMCArts also gets to keep more, meaning everybody wins!
Make Stock donations electronically. Ask your broker to donate here:
UBS Financial Services
Dtc Number: 0221
Acct: CMCArts Inc.
(Tax ID# 66-0529152)
Acct Number: CU 19716 HW
contact us for further broker contact assistance
Make IRA distribution checks payable to:
PO Box 734
Frederiksted, VI 00841
CMCArts is a registered US 501(c)(3) #66-0529152; see our IRS exemption letter here: