Stocks, IRA Rollovers, Donor-Advised Funds

Stocks, IRA Rollovers, Donor-Advised Funds

Many people choose to transfer securities rather than making a direct contribution of cash. Should you choose this method of giving, you may not pay any capital gains tax on your gift, and you may be able to claim a Federal income tax deduction based on the full fair market value of the securities on the effective date of your gift.

Stock Gifts can easily be made by electronic wire transfer. Ask your financial advisor to reach out to Michelle Amador, Director of Development, at 718-624-8400 x208 to receive a form – pre-filled with our account information – for your broker. Please make sure your broker lets us know the number and kind of shares that are being donated so that we can quickly verify the transaction. In addition, please note our legal nonprofit name “Discalced, Inc.” for all wire transactions.

Direct Registration Account (DRS) or Dividend Reinvestment Program (DRIP) Gifts made through a transfer agent such as Computershare, BNY Mellon, or another agent, will prompt the agent to mail a transfer form to us. PLEASE NOTE: Their notification may only list the transaction. To ensure we have your information so that we can acknowledge your generosity personally, please email us once the transfer is confirmed to share the number, kind, date of your donation, and confirmation number.

IRA Charitable Rollovers allow individual taxpayers age 70½ and older to donate distributions up to $100,000 annually to charitable organizations. These contributions can be made directly to the Mark Morris Dance Group from traditional IRAs or Roth IRAs. They are not included in the donor’s adjusted gross income and are considered tax-free gifts.

Donor-Advised Funds enable donors to make a tax-deductible charitable gift to a sponsoring non-profit organization and subsequently determine grants to be made to various other non-profits from that fund. Donors can continue to contribute to the fund over time and donations are typically invested at the donor’s discretion with the potential for tax-free growth.

Airline Miles help offset touring costs when you contribute your miles from any major airline. Contact Michelle Amador, Director of Development, for more information. 718.624.8400 x208.