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Make a Tax-Free Contribution from Your IRA

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Are you aged 70½ and over?
Do you have an Individual Retirement Account (IRA)?
Do you make contributions to charities?
Would you like to make a tax-free donation?

If the answer to all these questions is “Yes” then you should consider making a contribution to the New York Philharmonic, directly from your IRA.

In the recent “Fiscal Cliff” deal passed by Congress, the IRA Charitable Rollover provision was reinstated for 2012 and 2013.

  • It is not too late for an IRA Rollover gift (up to $100,000) to apply for 2012. IRA Rollover gifts made through January 31, 2013 can count as 2012 contributions.
  • If you have taken an IRA distribution during the month of December 2012, a donation can be counted as a charitable rollover if contributed to a charity as cash before January 31, 2013.
  • Throughout 2013, a contribution can be transferred directly from your IRA to the charity of your choice. The amount of the charitable contribution (up to $100,000) is excluded from your taxable income, but you can't double dip and claim a tax deduction for the donation, too.

Please consult your IRA manager and tax advisor for more details. To make a contribution to the New York Philharmonic contact your IRA administrator by letter with your instructions, and providing the following information:

  • The amount of your donation
  • Payable to The Philharmonic-Symphony Society of New York, Inc. (the Philharmonic’s legal name)
  • Tax ID number: 13-1664054
  • Address: Russell Jones, Director, Friends Program and Planned Giving, New York Philharmonic, Avery Fisher Hall, 10 Lincoln Center Plaza, New York, NY 10023

Thank you for your contribution, it is very much appreciated.

All good wishes for 2013.

For further information and assistance contact:
Russell Jones
Director, Friends Program and Planned Giving
jonesr@nyphil.org
(212) 875-5691