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Gifts of Stock or Securities

Supporters who contribute appreciated securities held for more than one year (long-term) may receive a double income
tax benefit: (1) a deduction for the asset’s full fair market value instead of the lower cost basis; and (2) complete
avoidance of capital gains tax on the asset’s appreciation.
For friends of CMSS who would like to consider a tax-advantaged approach to contributing to the school, we offer the
A pledge 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.
Low-cost basis securities (that is, investments that have grown in value) usually are 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.
If you would like to make a gift of stocks, bonds or mutual funds, here’s how:
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
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