Donate securities
A charitable gift of appreciated stocks or bonds is an easy way to support New England Conservatory while enjoying beneficial tax treatment.
By electronically transferring appreciated stocks or bonds directly to NEC’s account, the donor realizes no gain on the sale and therefore avoids capital-gains tax.NEC can then sell the security without delay and put your donation to work immediately.Everyone benefits!
The process is simple and quick:
1. Call your broker with instructions to transfer your security to NEC’s account at UBS Financial Services on [name a specific date].Your broker will need the following three pieces of information about NEC’s account to make the transfer:
- Account #JJ-19353
- DTC #221
- Contact person: William Hamilton
- Branch Administrator
UBS Financial Services Inc.
100 Federal Street, 27th Floor
Boston, MA 02110
Tel:(617) 261-2708
(800) 882-2080
Fax:(617) 261-2734
2. Contact Geri Colangelo, Data Manager, at 617.585.1166, to alert us of the transfer, including name of the security, number of shares, and date of transfer.We will confirm the transaction with our broker, then send you, for your tax records, a letter documenting the transfer and mean value of the security on the day it is received in our account.(Your broker should automatically send you a confirmation as well, but the letter from NEC will suffice for tax purposes.)
IMPORTANT NOTE: New England Conservatory cannot accept stock certificates or bonds directly.For those whose securities are not held in street name, please deliver the securities to your broker, and then proceed as above.
If you have any questions regarding this procedure, please feel free to contact Geri Colangelo, Data Manager, at 617.585.1166.