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GIFTS OF STOCK OR BONDS. Transferring stock to CAMA is a simple process. Gifts of appreciated securities, including stocks, bonds and mutual funds are much appreciated and allow you to avoid tax on capital gains. You can also take an immediate charitable tax deduction. A gift of appreciated, long-term marketable securities (owned for more than one year) will generally provide an income tax deduction for the full fair market value of the securities, while avoiding the capital gains tax that would otherwise be due on sale.

Securities may be transferred through your broker or by delivery of the securities to CAMA. If the securities are Deposit Trust Company (DTC) eligible, they may be transferred electronically to CAMA through Salomon Smith Barney. Securities should be routed as follows: DTC #0418, for the account of Community Arts Music Association, account number 418-06227-1-6-500. Please notify CAMA that securities are being transferred electronically so that we may confirm that they have reached our account. Please also have a notation made on the transaction referencing the name of the donor. CAMA's Tax ID number is 95-1816010.

To transfer shares of mutual funds or if you wish to establish an account for CAMA with your broker, please call for additional information. Shares of closely-held stock may also be given to CAMA. Please contact Mark Trueblood, Executive Director, for details at 805-966-4324 or email info@camasb.org.

Contact information for Salomon Smith Barney is as follows:

Salomon Smith Barney
1014 Santa Barbara Street
Santa Barbara, CA 93101

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