Whether your stocks have experienced gains or losses in value, donating stock may provide a tax advantage. In addition, you will have the satisfaction of supporting the work of Maryknoll Lay Missioners as we continue to live, love, and work with communities on the margins to promote nonviolence and healing.
Benefits of donating appreciated stock:
1. Take a charitable deduction equal to the market value of the donated shares.
2. Lock in investment gains prior to any predicted market down-turn without having to pay capital gains tax.
3. You may save on brokerage fees because you are transferring ownership rather than selling the stock.
Would you prefer to donate bonds or mutual funds? The same benefits apply.
For more information or assistance in making a gift of securities, contact our Advancement Manager, Karen Ellis; [email protected] or (914) 432-4441.
