STOCK TRANSFER INSTRUCTIONS
To easily donate publicly traded stocks to the Frye Art Museum, instruct your broker to transfer the chosen shares electronically to the Frye’s brokerage account:
Account Name: Frye Art Museum
Account #: 10380448500
Brokerage: The Bank of New York Mellon
Broker: Mandy Ho (206) 664-8811
BNY Mellon Seattle
1201 Third Avenue
Seattle, WA 98101
Important: if you plan to transfer stock to the Frye Art Museum, please notify us at (206) 432-8217 or firstname.lastname@example.org. This will assist the Frye in properly crediting you for your donation as stock transfers sometimes do not include donor names. Your gift of stock will be valued based on an average of the highest and lowest quoted selling price on the day that it is received in The Frye Art Museum account.
The Frye Art Museum will credit you for the value of the stock based on an average of the highest and lowest quoted selling prices on the day that your stock donation is received in the Frye Art Museum’s account. We make every effort to sell the stock immediately upon receipt. For your income tax purposes, your donation is completed on the day your broker transfers it to the Museum’s account.
Frye Art Museum is a 501 (c) 3 nonprofit organization, Tax ID 91 0659435 The Frye Art Museum does not provide tax or legal advice. Please consult with your tax advisor on the tax implications of your charitable gifts.
A gift from your IRA is a tax-wise way to support Frye exhibitions, community and education programs, and ongoing special projects. The IRA Charitable Rollover allows individuals age 70 ½ and older to donate up to $100,000 to charitable organizations directly from their IRA without treating the distribution as taxable income. For individuals 73 years of age and older who are obligated to take a Required Minimum Distribution (RMD), a Charitable Rollover gift to the Frye Art Museum can satisfy all or part of your RMD and can benefit you even if you claim the standard deduction. Rules for Qualified Charitable Distributions (QCD) include:
- You must be a least 70 ½ years old at the time you request a QCD
- To count toward your current year’s RMD, funds must come out of your IRA by your RMD deadline (generally December 31)
- A maximum of $100,000 (in total) may be distributed to all charities
- Funds must be transferred directly from your IRA custodian to the qualified charity. Ask your IRA custodian to issue a check from your IRA payable to Frye Art Museum. You can request that the check be mailed directly to the museum or forward the check to the Frye yourself. (Frye Art Museum, 704 Terry Avenue, Seattle, WA 98104). If you would like to make a Charitable Rollover gift to satisfy your RMD, please contact your IRA administrator to initiate a transfer. A sample letter can be found here.
Please contact Sr. Director of Development Becky Kowals at 206 432 8217 or email@example.com with questions or to let us know you’ve initiated a gift through your IRA.
Please consult your tax advisor to understand how a charitable distribution from your IRA will impact your specific situation. The Frye Art Museum is not able to provide tax or legal advice.
You can double or triple the impact of your donation to the Frye Art Museum with a matching gift.
Your employer's match may also upgrade your membership level and increase your benefits. The following companies are just a few of the many generous employers that match their employees' charitable gifts:
Adobe Systems Inc.
Bank of America Corporation
Bill & Melinda Gates Foundation
BNSF Railway Co.
Chubb & Son Inc.
The Coca-Cola Company
Delta Western, Inc.
Eli Lilly and Company
Fred Meyer, Inc
General Mills, Inc.
The Goldman Sachs Group, Inc.
The Home Depot
Johnson & Johnson
J.P. Morgan Chase & Co
Laird Norton Wealth Management
Merck & Co., Inc.
Nintendo of America
The Pew Charitable Trusts
The Progressive Corporation
Puget Sound Energy
Qualcomm Charitable Foundation
RBC Wealth Management
Saltchuk Resources, Inc.
Shell Oil Company
Stokes Lawrence Charitable Foundation
Symetra Financial Corporation
UBS Financial Services Inc.
United Way of King County
If your company has a matching gift program and is not listed here, please let us know by contacting firstname.lastname@example.org or call 206 432 8217.
By making a gift to the Frye through your estate, you will help advance the mission of providing free access to art, and serving more than 100,000 visitors each year.
The Frye Art Museum (Federal Tax ID# 91-0659435) can be designated as a beneficiary of many different assets, including your:
- Will or Living Trust
- Individual Retirement Account (IRA)
- Employer retirement plans including 401(k) or 403(b)
- Brokerage accounts
- Commercial annuities
- Checking and savings
- Life insurance
- Charitable Remainder Trust
Making a bequest is the most common way to provide an estate gift to the Frye Art Museum.
Types of Bequests
- Percentage Bequest—you designate the Frye to receive a percentage of your estate.
- Specific Bequest—you designate the Frye to receive a specific dollar amount.
- Residual Bequest—the remainder (or a percentage of) your estate comes to the Museum after any expenses or debts have been paid.
- Examples to include in documents or provide to your attorney can be found here:
Your Bequest will be unrestricted unless you designate it to the following program areas:
- School and Youth Programs
- Creative Aging and Adult Programs
- Acquisitions—to broaden and diversify the Frye Art Museum collection
- Collections—caring for the Frye’s collections, including the Founding Collection.
For more information on making a gift through your estate, please contact Becky Kowals, Senior Director of Development, at 206 432 8217 or email@example.com.
If you've already made plans to include the Frye Art Museum in your estate, please let us know by calling or filling out a Legacy Notification Form so we can thank you and recognize.
The Frye Art Museum is recognized as one of the most prestigious free art museums in the region and beyond. It attracts 100,000 visitors per year. We offer and host over 600 free programs including lectures, film screenings, musical and literary performances—all serving lifelong learners. Each year, the Frye organizes highly recognized exhibitions exploring a wide range of media, periods, and styles. They showcase the much-loved historical Frye Founding Collection as well as contemporary artworks by leading artists from Seattle and around the globe.
Exhibition sponsors will reach an audience of community leaders and persons of influence. There are several ways for your company to align with this beloved organization while receiving visibility and recognition as a corporation that values innovation and social responsibility. Sponsorship opportunities are available at various levels. Museum staff will work with you to develop a tailored plan that meets your objectives and budget. We are delighted to partner with corporations, foundations, and individuals to present our exhibitions and art engagement programs.
For more information, please contact Becky Kowals, Senior Director of Development at firstname.lastname@example.org or 206 432 8217.
We gratefully acknowledge the following corporate, foundation, and government organizations for their support:
ArtsFund – Community Accelerator Grant
The Bennett Collection of Women Realists
Boeing Gift Matching Program
CBRE Group Inc.
Chan Zuckerberg Initiative
City of Seattle Office of Arts and Culture
Encore Media Group
Expedia Matching Gifts Program
M. Jean Fisher Designated Fund
King County Office of Performance, Strategy and Budget
Lenore Hanauer Foundation
Microsoft Matching Gifts Program
Murano Senior Living
The Partners Group
PDX Contemporary Art
The Richard and Maude Ferry Foundation
The Seattle Times
Senior Care Coalition
Transforming Age Foundation | Skyline at First Hill Retirement Community
Virginia Mason Medical Center
Stuart and Lucy Williams