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With your support, CCMS brings the experience of live, world-class chamber music to the Concord area and surrounding communities. Your contributions to the Concord Chamber Music Society play a critical role; subscription and ticket sales account for less than 50% of the Concord Chamber Music Society’s annual operating costs. Your contribution is tax-deductible to the extent allowed by the law, and will be used to support artistic initiatives and educational outreach programs for local residents and students.
To make an individual or corporate gift by mail, please download one of the following sponsorship forms:
GIVE BACK YOUR TICKETS
If you purchase tickets to a CCMS concert but are unable to attend, you can donate the tickets back to CCMS at any time before the concert begins.
MATCHING GIFTS
Your employer may participate in a matching gift program. Ask the human resources department at your company for details. Some employers even double or triple the contribution you make!
CONTRIBUTING FROM YOUR RETIREMENT PLAN
If you are 70.5 and have an IRA or similar retirement plan, you may be able to receive a tax benefit by donating to CCMS directly from your retirement plan. Starting at age 70.5, you are required by law to begin taking an annual “Required Minimum Distribution” (RMD) from your IRA. RMDs are subject to federal and Massachusetts income taxes, but there is an exception that allows all or a portion of RMD withdrawals to be excluded from your taxable income if donated directly to suitable 501(c)(3) charitable organizations like CCMS. In addition to saving on taxes on the RMD, you will also reduce the figure used by the IRS to tax your Social Security benefits.
The tax-free distributions are known as Qualified Charitable Distributions or QCDs. QCDs must be made during the time period required for the RMD and must be made directly by the retirement plan; you cannot take the distribution yourself and then make the donation as a QCD. If you wish to support CCMS with a QCD, the website of your retirement plan administrator such as Fidelity, Vanguard, TIAA/CREF or Schwab will likely provide an overview of the procedure for making a QCD and the administrator’s form for doing so. You may need the following information for the form:
If required, our Tax ID Number is 90-0008491.
GIFT AND ESTATE PLANNING
You may choose to make a legacy gift to CCMS remembering us in your will or estate plan.
GIFTS OF LIFE INSURANCE
CCMS can be named as the sole or partial beneficiary of a life insurance policy. Though this does not by itself carry with it any tax benefits, it is a convenient way to make a gift to CCMS. On the other hand, if CCMS is also made the owner of a paid-up life insurance policy and the donor relinquishes all rights to the policy, the gift may be tax deductible. If the policy is not paid- up and the donor continues to make the payments, the payments may be tax deductible. Please note that CCMS does not accept responsibility for payment of premiums on donated insurance policies. CCMS does not provide tax, legal or accounting advice. The foregoing material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
SAVING TAXES BY CONTRIBUTING STOCKS AND SECURITIES
A charitable gift of stocks or other securities is a great way to support CCMS and may offer significant tax advantages. Gifts of securities directly to CCMS that have been held for at least a year would be eligible for both a deduction for tax purposes at their current fair market value but would also avoid any tax on the appreciated value since acquired. Please contact us if you are interested in a gift of stocks or securities and we will put you in touch with our broker.
CONCERT SPONSORSHIP
With a gift of $2,500 or more, you can dedicate a concert in honor of someone special in your life—a wonderful way to recognize a fellow music lover.