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Home || Job Opportunities || Employees || Contact Us |
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A gift of appreciated securities can offer significant tax advantages. As long as you have held the stock for more than 12 months, you can deduct the full fair-market value of the stock at the time of your gift regardless of how much you paid for it. For example, if you donate publicly traded stock valued at $5,000 that you purchased in 1995 for $1,000, your deduction will be the full $5,000. Transferring stock electronically is simple, but during the busy days of December you should allow up to a week to complete the gift and you should always consult your advisor before doing so.
If your stock is held in a brokerage account, please instruct your broker in writing to transfer the shares to the MIFA account listed below, including the account number and DTC for the brokerage. Be sure to note whether the gift is unrestricted (allowing MIFA to decide where funds are most needed) or whether it is restricted to a certain project. Please send a copy of the letter to us and include your address to ensure that you receive credit for the gift and will be properly acknowledged for your generosity.
Brokerage Name: Morgan Keegan
MIFA Account #:# (at Morgan Keegan): 50034685-1
MIFA Tax ID #: 62-0803601
MIFA DTC#: 780
If you have actual stock certificates or you wish to contribute mutual funds, contact Cecil McGee,
chief financial officer, at cmcgee@mifa.org or call 901-529-4587; or contact Sally Jones Heinz, vice president for development, at 901-529-4523 or sheinz@mifa.org.
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2006 Copyright MIFA - Metropolitan Inter-Faith Association
Any forwarding, unauthorized access or reproduction, or distribution of printed copies of this electronic product,
in full or in part, without written permission of the publisher,
violates Federal copyright law.
MIFA - 910 Vance Avenue - Memphis, TN - 38126 - (901) 527-0208
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