Stock Transfer Instructions
The Palm Springs Art Museum receives many inquiries about donations of stock—especially securities held by the donor for at least two years that have appreciated in value. No capital gains tax is paid on such gifts by either the donor or the Museum, making appreciated stock an ideal asset to contribute.
The Museum recognizes the value of stock gifts at the average price between highest and lowest selling price on the date the securities are transferred into our brokerage account. It is our policy to sell donated stock as soon as possible after receipt.
In order to minimize brokerage commissions for benefit of the Museum, we ask that you transfer securities held in street name directly to our broker and Museum account number: Charles Schwab, Account #6886-7730, and DTC Routing #0164-Code 40.
Before the stock transfer is made, please notify the Museum's Director of Development ((Greg Polzin, 760-322-4807) so that we may promptly track and acknowledge your stock gift. Please indicate the purpose of the gift and name and number of shares of stock to be transferred.
Founded in 1938, Palm Springs Art Museum, Inc. (formerly Palm Springs Desert Museum) is a tax exempt organization under section 501 (c) (3) of the Internal Revenue Code. The Museum is also qualified as a public charity under sections 509 (a) (1) and 170 (b) (1) (A) (VI) of the Internal Revenue Code. Our federal tax ID number is 95-1809576.
Thank you for your generous support of the Palm Springs Art Museum!
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
Palm Springs Art Museum:
Tuesday, Wednesday, Friday, Saturday, and Sunday
10 a.m. – 5 p.m.
Thursday / 12 p.m. - 8 p.m.
Annenberg box office open Wednesday – Friday
10 a.m. – 4 p.m.
Tuesday, Wednesday, and Thursday / 10 a.m. - 5 p.m.
Friday / 12 p.m. - 8 p.m.
Saturday-Sunday / 10 a.m. - 5 p.m.
Architecture and Design Center:
Closed Monday and Tuesday
Wednesday, Friday, Saturday, and Sunday / 10 a.m. - 5 p.m.
Thursday / 12 p.m. - 8 p.m.