Donating appreciated securities to charity is one of the best and easiest ways to give more for less. Appreciated stock donations simultaneously reduce a donor’s tax bill while increasing the recipient’s income. The Forum benefits greatly from donors who take advantage of this unique giving vehicle.
Donating stock that has increased in value since the purchase date allows for a charitable deduction for that stock’s market value on the day it is given away. Capital-gains taxes on the increase in value are avoided, which would otherwise have to be paid if the stock was sold and the proceeds donated after.
It is important to note that this vehicle is only appropriate if the stock increased in value since the purchase date; if the value went down, it’s best to sell the stock first, take the loss, and give the cash as a charitable donation.
Stock donations to MEF may be sent to:
Vanguard Marketing Corporation
Account Name: The Middle East Forum
Account Number: 59334817
DTC Number: 0062
To learn more, please contact Matthew Bennett, Director of Development, by calling 215-546-5406 ext. 114 or email Bennett@MEForum.org.