Donating appreciated stock directly to The Ministry of Caring allows you to avoid capital gains tax while still receiving a charitable giving tax deduction for the full fair market value. Combining stock donations with a donor-advised fund offers immediate tax benefits and the flexibility to support multiple charities over time.
How do you donate appreciated stock?
- Identify the appreciated stocks in your portfolio that would be most advantageous to donate.
- Contact The Ministry of Caring to inform us of your intention to donate stock. We can share the transfer instructions (see below) with you or your advisor.
- Provide written instructions to your broker or financial advisor to transfer the specified shares directly to The Ministry of Caring’s brokerage account.
- Document the donation. Maintain records of the transfer, including the date, number of shares, and fair market value on the date of the transfer for tax purposes.
- Report on your tax return. Include the donation on your tax return as a charitable contribution, subject to IRS regulations.
Stock Donations into MOC Merrill Lynch Account:
Account Number: 808-02296 DTC Number: 8862
Merrill Lynch
The Nolan Group
69 State Street, 16th Floor
Albany, NY 12207
Contact Name: Jennifer Nolan
Telephone: 1 (800) 548-0322 or (518) 462-8330
Fax: 1-518-618-3177
