A gift of appreciated marketable stocks and securities to MEI may provide you with significant tax advantages. You avoid capital gains taxes in the year your gift is given while potentially providing a charitable deduction for the fair-market value of your gift.
Download our wire transfer instructions for your broker.
If your securities have depreciated, it may be to your advantage to sell them first, then donate the proceeds to MEI. You may receive a tax deduction for your capital loss, in addition to receiving a charitable deduction for the amount donated.
You may also elect to make a gift of securities by naming MEI as a beneficiary, either through your will or through a beneficiary designation account at your security brokerage firms. While you will not receive a charitable contribution deduction on your income tax returns, you will reduce the size of your taxable estate. In addition, assets in a beneficiary designation account may avoid probate.
MEI does not provide tax-related advice, so please contact your tax professional.