Donating appreciated securities—such as stocks or mutual funds—to Navy-Marine Corps Relief Society (NMCRS) is a meaningful and tax-efficient way to support Sailors, Marines, and their families. When you give securities that have increased in value, you may qualify for an income tax deduction for the full fair market value of the gift and avoid paying capital gains tax on the appreciated amount. This allows more of your gift to directly benefit the NMCRS mission.
What are the benefits?
- Donors may avoid paying capital gains tax on the increase in value of appreciated assets donated to a nonprofit like NMCRS.
- Donors who have held the assets for more than one year may be eligible to receive a charitable income tax deduction based on the full market value of the donation.
- Donors are often able to contribute more than they might through a cash gift alone, maximizing your charitable impact.
How does it work?
- You transfer shares of publicly-traded securities from your brokerage account directly to NMCRS.
- The value of your gift is based on the average of the high and low trading price on the day of transfer.
You can make an outright gift to support NMCRS programs or in some cases use your gift of securities to establish a Charitable Gift Annuity and receive payments for life.
Contact giving@nmcrs.org to initiate an outright gift of your securities, today! Explore ways to fund a charitable gift annuity through a gift of your securities.
Learn more about donating through publicly trading securities.