Gifts can be made by check, credit card, and appreciated stock, as well as real estate. Additionally, many employers have matching gift programs; check with your employer to see if your gift is eligible for a match!
Do you have an IRA? Are you 70 ½ years or older? If so, you will need to take mandatory annual distributions that are subject to income tax. However, when you directly transfer IRA withdrawals to PCM (up to $100,000), you will not owe taxes on the distribution. This is an excellent way to continue supporting your favorite community music school while saving on your taxes!
For questions, or to receive instructions on how to make a gift of appreciated stock or an IRA withdrawal, please contact Melissa Froehlich, Director of Development, at 626.683.3355 or firstname.lastname@example.org.
Legal name: Pasadena Conservatory of Music Tax ID: 95-3900207