Invest in compassion with stock donations to Mercy For Animals.
Invest in Compassion
Gifts of securities, such as stocks, bonds, and mutual fund shares, are a great way to support MFA and also reduce your taxes. By making a gift of assets that have appreciated you can avoid capital gains tax. In addition to saving on capital gains, you can deduct your gift’s full market value at time of transfer from your income tax.
Stock and Mutual Fund Donations
Donating stocks or other securities, such as mutual funds and bonds, to MFA is a fantastic way to invest in our lifesaving work. Your generous support through stock donations will go a long way to help fight animal abuse while benefiting you through income tax and capital gains savings.
Your stock donation to MFA entitles you to an income tax deduction of your gift’s full market value at the time of transfer. If you have owned stock for one year or more, and it has appreciated, you can save on the capital gains tax you would pay if you sold the stock yourself. By donating the stock to MFA, the capital gains tax would no longer apply!
To donate stock, simply send a written letter of instruction to your broker, authorizing him or her to electronically transfer your shares.
The letter should contain the following:
- Specification of stock and the number of shares to be transferred from your account (make sure to include your account number)
- Specification of transfer of stock to MFA’s brokerage account:
TD Ameritrade Account # 784-674134
DTC # 0188