Your generosity underscores a deep appreciation for music and a recognition of its ability to transform lives. As Eastman marks its centennial, please consider providing support in these ways:
Please send a check, payable to the Eastman School of Music. On the memo line of your check, please indicate the fund to which you would like to direct your gift. Mail your check to:
Office of Advancement
Eastman School of Music
26 Gibbs Street
Rochester, NY 14604
By donating appreciated stocks, bonds, and mutual fund shares that have been owned for more than one year, donors can avoid capital gains tax. They also receive an income tax deduction for the fair market value of the gift.
A security’s gift value is determined by its fair market value on the day you make the gift. In the case of certificates mailed to us, the date of gift is the date of mailing; if the shares are transferred to the University on the books of a broker or agent, then the gift date is the date of transfer.
To make a gift of securities or stock, please contact Debbie Rossi at (585) 275-3903 for specific instructions.
Normally, a distribution from your IRA is taxed as ordinary income. However, if you are 70 ½ years or older, you are eligible to make a direct gift to Eastman tax-free through a charitable rollover. This is known as a Qualified Charitable Distribution (QCD).
You should consult your tax advisor about the applicability to your own situation of the legal principles contained herein.
The Protecting Americans from Tax Hikes (PATH) Act of 2015, which was passed by Congress and signed into law by the president on December 18, 2015, made permanent what is popularly known as the IRA charitable rollover.