If you have stock that has appreciated since you bought it, you can gain a tax benefit by donating the stock directly to MIU rather than selling the stock and donating the money. Donating appreciated assets avoids federal capital gains taxes and provides a federal income tax deduction for the current market value of the gift. Similar state tax benefits are also provided in most of the country.
Because of this, donors can see combined tax savings of up to 70% of your gift on donations of appreciated stocks or mutual funds.
MIU makes use of a service called FreeWill to simplify stock donations. Use the buttons below to make your stock donation online or obtain the information to organize the transfer yourself.
Access MIU’s account number, brokerage name, DTC info, and additional information to make your gift of appreciated assets over the phone, through the mail, or via your financial advisor.
To learn more about stocks and why they are a great way to give, visit the link below.