Take Advantage of Great Tax Benefits
Contributing Gifts of Stock
A gift of appreciated securities held for more than one year may provide significant benefits to you as a contributor, such as:
- Entitling you to a charitable income tax deduction for the fair market value of the gifted securities as of the date of gift.
- Eliminating capital gains tax that would ordinarily become due if you had sold the appreciated securities on the open market and donated the proceeds from the sale to charity.
- Claiming your charitable deduction against up to 30% of your adjusted gross income. Any unused deductions can be carried forward over the next five years.
- Providing a way to help you to achieve your long-term financial objective of reducing your income and estate taxes.
If you have securities that have declined in value over the years and are interested in donating them to the PMA Foundation, you may find it more advantageous to sell the securities first and contribute the proceeds as opposed to donating the securities outright. This strategy should allow you to claim a deduction for both the loss from the sale of the securities as well as the charitable gift.
If you are considering contributing stock that is subject to a cash merger or tender offer, it’s important for you to note that you will be subject to tax on the capital gain even though the shares were transferred to us before the tender offer became effective.
Gifts of appreciated securities could provide even greater benefits to you through Gift Planning opportunities. You should always consult with your financial advisor before initiating a charitable gift arrangement.
Closely Held Stock:
In addition to gifts of publicly traded, appreciated stock and bonds, it is possible to make gifts of appreciated shares of privately held securities. A gift made with closely held securities will provide you with the same charitable deduction and capital gains tax avoidance benefits as will a gift of publicly traded securities.
Transfer Instructions:
View instructions on transferring securities to the PMA Foundation.
View the stock policy here.
Notify the PMA Foundation:
To ensure that we are able to properly acknowledge your gift for income tax purposes, please notify us in advance. You can complete a Gift Notification Form, which can be faxed to +1 (302) 607-2190 or mailed to:
PMA Foundation for Industry Talent
1500 Casho Mill Road
Newark, Delaware 19711