One way of reducing your tax burden is to transfer appreciated stock to MPP’s brokerage account and/or MPP Foundation’s brokerage account, in lieu of donating cash to these two organizations.
MPP: Transferring appreciated stock to MPP’s brokerage account — which MPP then immediately sells and sends the resulting cash to MPP’s checking account — allows donors to AVOID THE CAPITAL GAINS TAX that they would otherwise need to pay when selling appreciated stock.
MPP FOUNDATION: When transferring appreciated stock to MPP Foundation’s brokerage account, donors would AVOID THE CAPITAL GAINS TAX and also still receive the TAX DEDUCTION that applies to donations to 501(c)(3) nonprofit organizations like MPP Foundation. This is a *double* tax benefit for the donor.
To transfer your stock, or for more information, please contact Nell Garver at 202-905-2020 or [email protected].
|Organization||Organization type||Donate cash to org’s checking account?||Transfer stock to org’s brokerage account?|
|MPP||501(c)(4) nonprofit||N/A||AVOID CAPITAL GAINS TAX|
|MPP Foundation||501(c)(3) nonprofit||TAX DEDUCTION||TAX DEDUCTION *AND* AVOID CAPITAL GAINS TAX|