Stock Transfer Instructions

Palm Springs Art MuseumThe 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!