With so many ways to give to Curtis, we invite you to contribute today. All gifts, no matter the method or amount, are important to Curtis’s financial health and ability to deliver on its mission.
Curtis Institute of Music
1726 Locust Street
Philadelphia, PA 19103
If you’re holding marketable securities with long-term capital gains, consider contributing shares of stock, rather than cash. If you’ve owned the security for more than a year, the charitable deduction is the current market value of the security and you avoid federal income tax on the long-term capital gain. Your broker or investment advisor can wire your gift to Curtis quickly and safely by using the Depository Trust Company (DTC) wire transfer system. Please refer to our Wire Transfer Instructions for more details and consult your professional tax advisor.
A gift to Curtis from your IRA is an attractive option for IRA owners who have reached age 70½. Ordinarily, an IRA owner must report withdrawals as income and pay federal income tax on them. These provisions allow IRA owners over age 70 ½ to make gifts directly from their IRAs to qualified charities. Qualified charitable distributions count toward the IRA owner’s required minimum distribution (RMD) and are not reportable as taxable income (up to $100,000). The result is a tax break for those who do not itemize deductions. Check with your tax advisors to see if this option might be of benefit to you.
Donor-advised funds are increasingly popular. If you have made gifts to a donor-advised fund, such as the Fidelity Charitable Gift Fund, National Philanthropic Trust, the Schwab Charitable Fund, or Vanguard Charitable Endowment Program, you can direct grants from your account to Curtis. If you do so, please remember that you cannot receive benefits (goods or services) from Curtis in return for the gift.
There are numerous ways to arrange a planned gift to Curtis, including bequests, beneficiary designations, and life-income plans. Those who advise the school of intention to include Curtis in their estate plans become members of our Founder's Society. For additional information, please call Austin Stewart, Associate Director of Planned and Major Gifts, at (215) 717-3126.
We are a 501c3 Non-Profit Organization (ID# 23-1585611). All donations are 100% tax deductible to the full extent of the law. This information is not intended as tax or legal advice. Always consult your own professional advisors to determine how these suggestions would apply to your situation.