A gift of appreciated securities can save taxes twice. By donating appreciated securities that you have owned for more than a year to Music & Memory, you avoid capital gains taxes. With an outright gift of stock, you any also take an income-tax deduction to the extent permitted by law for the full current market value of the stock.
Donating appreciated securities to Music & Memory is easy. Here’s how:
Sign the backs of the stock certificates exactly as your name appears on the certificates and send them by registered mail, with a letter authorizing deposit of the stock into Music & Memory’s account, to the following address.
142 Emory Road
Mineola, NY 11501
Do not send signed stock certificates by regular mail.
Please send us a note or call to let us know of your gift. Contact Robin Chamberlain, Director of Development at 917.865.6530 or email firstname.lastname@example.org .