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Gifts of Stock

Gifts of appreciated securities (stocks, bonds, or mutual funds held for more than one year) are excellent ways to support the Philadelphia Museum of Art. Such gifts are easy to make and may provide a greater tax benefit than an equivalent gift in cash.

A gift of stock owned for more than one year entitles you to an income tax charitable deduction for the full fair market value of the donated asset. If the stock has appreciated, you also avoid any capital gains tax on the appreciation.

How to make a gift of stock
If you are interested in making a gift of stock, you or your broker should contact Development at (215) 684-7750 or by e-mail at .

Please provide your name, telephone number, the name of the stock, number of shares, the approximate date you will make the gift, approximate value of the gift, and the designation for your gift (General, Membership, Operations, Exhibition Support, etc). If you are using a broker, please provide his or her name and telephone number.

Closely held stock, Subchapter S corporation stock, limited liability company interests, and partnerships can sometimes be used to make a charitable gift. Any proposed gift of such assets should be reviewed with the Philadelphia Museum of Art and your tax advisors in advance. Please contact Development at (215) 684-7750 or for assistance.

If you hold the certificate for your shares
You may sign a stock power exactly as your name appears on the stock certificate. A stock power may be obtained by calling Development at (215) 684-7750 or by emailing . One stock power may be used for multiple certificates of the same stock, but a separate stock power must be completed for stock certificates of different companies.

A letter of intent in which you state the name of the stock, the number of shares and the designation for the gift should accompany the certificate. Due to its negotiable nature, certificates should be delivered by hand or sent certified, registered mail to:

Development Services
Philadelphia Museum of Art
P.O. Box 7646
Philadelphia, PA 19101-7646

The stock gift will be valued at the mean price per share on the date the certificate arrives at the Museum. Development Services will send you a gift receipt as soon as possible.
 

For more information, please contact Development by phone at (215) 684-7750, by fax at (215) 236-0796, or by e-mail at .

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