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.

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• 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.

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• DAF: Make a distribution to CMCArts, Inc. from your Donor Advised Fund (DAF)

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• 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:

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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

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Make IRA distribution checks payable to:

CMCArts, Inc.

PO Box 734

Frederiksted, VI 00841

 

CMCArts is a registered US 501(c)(3) #66-0529152; see our IRS exemption letter here:

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