DONATE
Stock
DAF
Retirement Fund
Donations
Maximize the impact of your charitable donations for both you and CMCArts with numerous tax benefits. Donating stocks is easy with the button above. We have partnered with DonateStock.com to enable our supporters to make stock donations in 10 minutes or less. By clicking on the DonateStock button below, you can initiate a stock gift from your brokerage through a secure portal in minutes at no cost to you. Making pre-tax distributions from your retirement IRA or 401k is also easy and simply requires a call to your broker/financial advisor.
CMCArts is a registered US 501(c)(3) #66-0529152; see our IRS exemption letter here:
Make IRA distribution and DAF checks payable to:
CMCArts, Inc.
PO Box 734
Frederiksted, VI 00841
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.
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! Did you know that when you donate appreciated stock, you may avoid the tax on the gain while deducting 100% of the value of the contribution? That makes stock gifting one of the most tax-advantaged ways to give. And when you donate stock, we get to keep the proceeds that would have gone to pay taxes - it’s a win-win for you and us! And now it’s fast, safe, and free to donate stock to Cmcarts, Inc.
DAF: Make a distribution to CMCArts, Inc. from your Donor Advised Fund (DAF)