The CMAA board members have always tried to be good stewards of the gifts given to us. We encourage you to consider the advantages of giving stock to the Church Music Association of America. If you own appreciated stock, it is almost always better to contribute stock than cash. By giving appreciated stock to a charitable organization, you avoid paying capital gains tax on the increased value of the stock. Because you are giving to a charitable organization, your gift is deductible for the market value of the stock at the time it was given.
If you would like to support the CMAA’s Annual Fund, please ask your financial advisor if this is a viable option for you.
If you plan to give securities to the organization, please notify our general manager at email@example.com or phone 505-263-6298. If you prefer, you can complete this letter to us when you transfer stock to the CMAA.
The policy of the Church Music Association of America is to immediately sell all stock gifts and deposit the proceeds from the sale in the CMAA’s bank account immediately.
A reminder: you can accelerate your tax deduction and, at the same time, help the CMAA significantly by giving stock before year-end. You will get to take credit for the gift against any tax liability for the current year.
FORMS / PDFs
TO GIVE STOCK TO THE CHURCH MUSIC ASSOCIATION OF AMERICA
1. Notify your broker to transfer a specified number of shares of stock to the CMAA’s account at Charles Schwab. Complete the Stock Gift Form – for Broker (pdf) form to initiate a stock gift and send to your stock broker.
2. Complete the form Stock Gift Form – for the CMAA (pdf) and return to us to notify us of your Stock Gift.
The win-win result of giving appreciated stock is:
• The Church Music Association of America receives a gift as good as cash that will be used for our work to promote Sacred Music in the Roman Catholic Liturgy.
• Donors receive a charitable tax deduction equal to the fair market value of the stock and avoid capital gains tax on the appreciated value of the stock.