Performances + Events Making an Impact with Cash Gifts and/or Long-Term Appreciated Securities
Support New England Conservatory with a gift that aligns with your financial goals and maximizes tax benefits. Both cash gifts and gifts of long-term appreciated securities offer flexible, tax-efficient ways to contribute to our mission.
Option 1: Cash Gift
A cash gift is a simple and direct way to support New England Conservatory and make an immediate difference. Cash gifts provide valuable flexibility, allowing us to put your support to work right away.
- Immediate Tax Deduction: In the year of your gift, you may claim an income tax charitable deduction for the full amount of your gift, subject to IRS limitations. You can carry forward any unused deduction for up to five additional years.
- Ease and Flexibility: You can make a cash gift as a one-time donation or set up recurring contributions to sustain ongoing support.
- Direct, Immediate Impact: Your cash gift provides essential funding that allows New England Conservatory to meet its most pressing needs.
Option 2: Gift of Long-Term Appreciated Securities
Donating long-term appreciated securities, such as stocks, bonds, or mutual funds, can provide significant tax advantages. Gifts of these assets can help you avoid capital gains taxes while supporting New England Conservatory with a gift that costs you less.
- Avoid Capital Gains Taxes: When you donate appreciated securities, you can avoid paying capital gains tax on the appreciation, which can significantly reduce the cost of your gift.
- Fair Market Value Deduction: As long as you have held your securities for more than one year, you may take a charitable deduction for their fair market value at the time of your gift, subject to IRS limitations. You may carry forward any unused deduction for up to five additional years.
- Enhanced Impact: By donating securities directly, your gift can be larger than if you sold the securities and donated the after-tax proceeds, maximizing your impact on New England Conservatory’s mission.
How to Make a Gift
- For Cash Gifts: You can donate online, by check, or set up a recurring gift through our website to provide ongoing support.
- For Gifts of Securities: Contact your broker to arrange a transfer of appreciated securities directly to New England Conservatory. Please let us know about your planned gift so we can assist with the transfer.
Consult with Your Advisors
We encourage you to speak with your financial and tax advisors before making a gift. Both cash gifts and gifts of appreciated securities offer unique advantages, allowing you to support New England Conservatory in a way that aligns with your financial and philanthropic goals.
Thank you for considering a generous gift to help sustain New England Conservatory.
Additional Giving Options
By making a planned gift, you can strengthen NEC and gain financial and tax benefits for you and your family. For more information, please contact Aaron McGarry, Planned Giving Officer, by email or by phone at 617-585-1356.
Real estate can be contributed as an outright gift or to finance a planned gift. Available options include a retained life estate, which allows the donor to continue to use the property for a certain number of years, or for the donor’s lifetime. Other arrangements offer special tax advantages and lifetime income.
Gifts of real estate include undeveloped land, a residence, a vacation home, a farm, or commercial property. NEC requires the donor to bear certain costs when making a real estate gift, such as an appraisal to determine the fair market value. Also, NEC deducts transaction costs from the proceeds of the sale of the property, including the closing costs, title insurance, a survey (if needed), and any taxes due before the gift is completed.
For any questions about gifts of real estate, please contact Abigail Smitka, Assistant Vice President of Major Gifts and Campaigns, at as3628@necmusic.edu or (617) 585-1719.
Many companies support the philanthropic interests of their employees by matching employee contributions to nonprofit organizations like NEC. If your employer offers a matching gift program, you may be able to double or even triple your gift!
For more information on matching gift contributions, please contact Cheryl Fries, Assistant Director of Advancement Operations, at cheryl.fries@necmusic.edu or (617) 585-1373.
Gifts of personal property, such as musical instruments, recordings, and scores provide valuable support for our music education programs. Through the support of in-kind gifts, you can help NEC meet the college’s ongoing need to expand its inventory — and you qualify for a tax deduction.
NEC accepts in-kind donations on a case-by-case basis. For more information, please contact Patricia Kopko, Director of Advancement Operations, by email or phone at 617-585-1225
Friends of NEC may elect to make gifts to commemorate a loved one’s life, birthday, anniversary, or other special occasion. We will gladly notify those you wish to know of any gifts made in their honor.
Contributions in any amount may be directed to The NEC Fund, or to the area of your choice. Please note the name of the person you wish to commemorate when you make your gift.
Contact Us
To learn more about how you can support NEC, please contact Cheryl Fries, Assistant Director of Advancement Operations, at cheryl.fries@necmusic.edu or (617) 585-1373.
New England Conservatory is a 501(c)3 non-profit organization. All donations are tax deductible to the full extent of the law. Our non-profit tax ID is 23-7225104.
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