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There are four ways to transfer securities
to the New York Philharmonic, each with appropriate tax benefits:
- You pay no capital gains tax on a gift of appreciated
securities to the New York Philharmonic.
- You may claim a Federal income tax deduction based
on the full fair market value of the securities on the effective
date of your gift.
I. If a bank or broker holds the securities for you - Electronic
Wire Transfer (DTC)
- You may have your bank or broker wire-transfer the securities
directly into an account the Philharmonic already holds
at Morgan Stanley Dean Witter; Attention: Gus Rhein, 2 Penn
Plaza, 22nd Floor, New York, New York 10121. Tel: 212-613-6717;
Fax: 212-613-6825. Your broker probably requires a letter
of authorization.
Download a transfer form*
New York Philharmonic Account Information: DTC #
0015, Account for the NYP
NYP Account # 601-45324.
II. If you hold the certificates yourself
- Send the unendorsed stock certificates or bonds by Registered
Mail, or deliver them by hand, to Marilyn Liebowitz. Include
a letter of transmittal that states your name and address
and the purpose of the gift.
- In a separate envelope, send by First Class or Express
Mail to Marilyn Liebowitz, one signed stock power for each
corporation represented by stock, or one signed bond power
for each lot of registered bonds, filled in with the number
of shares, name of the stock, and the current date. Sign
your name exactly as it appears on the certificate.
III. If a bank or broker holds the securities for you (alternative)
- Instruct your bank or broker to act as the Philharmonic's
agent, and transfer the securities into a gift or pass-through
account for the Philharmonic. The New York Philharmonic's
Federal Tax I.D. number is 13-1664054.
- Inform the New York Philharmonic of the gift either by
phone or mail, so instructions may be issued for the disposition
of the securities.
IV. If you re-register the securities
Please note: Re-registration takes much more time than the other
three methods of transfer. We recommend you use one of the other
alternatives.
- Instruct your bank or broker to have the securities re-registered
in the name of the New York Philharmonic (Tax ID# 13-1664054).
- Mail the re-registered certificates to Marilyn Liebowitz
with a letter stating your name, address, and the purpose
of your gift.
Contact:
Marilyn J. Liebowitz
Director of Major and Planned Gifts
New York Philharmonic
Avery Fisher Hall
10 Lincoln Center Plaza
New York, NY 10023
Tel: (212) 875-5696
Fax: (212) 875-5716
E-mail: liebowitzm@nyphil.org
* Viewable in Adobe Acrobat®, which can be freely downloaded.
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