Additional Ways to Give
Did you know you can increase your support to the SCSM Foundation through gifts of stock, IRA contributions, Donor Advised Fund gifts, or even company matching gifts?
Gifts of Stock
Gifts of publicly traded securities that have been appreciated in value allow you to claim a charitable deduction for the full market value of the securities on the date the gift is made. You pay no capital gains tax on the appreciation, and the SCSM Foundation receives the full value of the gift.
To make a gift of securities to the SCSM Foundation, please follow the steps below:
*Instruct your broker to transfer the chosen securities to the SCSM Foundation’s brokerage account:
Merrill Lynch
DTC Number: 8862
Account: South Carolina State Museum Foundation
Account Number: 72602870
EIN: 57-0713243
* Notify the SCSM Foundation that you have initiated the gift so that we may properly allocate the funds and provide you with a tax receipt. Contact Hope Watson, Director of Philanthropy, at 803.898.5399 or hope.watson@scmuseum.org with your broker’s name and phone number, the stock you wish to give, including the number of shares and the intended purpose of your gift.
*Once the securities have been transferred the SCSM will be notified that your gift has been received.
IRA Gifts and Donor Advised Funds
A gift from your IRA or Donor Advised Fund is a tax-savvy way to make an impact at the SCSM Foundation.
Qualified Charitable Distributions
Individuals aged 70 ½ years or older have the opportunity to make a tax-free gift directly from your individual retirement account (IRA) to a qualified charity such as the museum. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. Gifts up to $111,000 are eligible for this benefit, which is commonly called the IRA charitable rollover.
Donor Advised Funds (DAF) are a popular tool to achieve your short and long-term philanthropic goals. You receive a charitable income tax deduction at the time the fund is created and can recommend one-time or ongoing gifts to qualified organizations like the museum. By naming the SCSM Foundation as the beneficiary of your account or a percentage of the fund, a DAF can also become an estate gift.
Please provide the SCSM Foundation tax ID to your IRA or DAF administrator.
Legal name: South Carolina State Museum Foundation
Address: 301 Gervais Street, Columbia, SC 29201
Federal tax ID number: 57-0713243
*Notify the SCSM Foundation that you have initiated an IRA or DAF contribution so that we may properly allocate the funds and acknowledge you appropriately. Contact Hope Watson, Director of Philanthropy, at 803.898.5399 or hope.watson@scmuseum.org.