Securities and mutual funds that have increased in value and been held for more than one year are great assets to use when making a gift to America's Car Museum. Making a gift of securities or mutual funds to us offers you the chance to have a positive impact on our programs and exhibitions, while realizing important benefits for yourself.
When you donate appreciated securities or mutual funds you have held more than one year to us in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You are also entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
Securities are most often used to support our work in the form of an outright gift. When you donate securities to ACM, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent. Making a gift of securities to support our mission is as easy as instructing your broker to transfer the shares or, if you have the physical securities, hand-delivering or mailing the certificates along with a stock power to us in separate envelopes. (Using separate envelopes safeguards your gift—the certificates will not be negotiable without the stock power.)
To learn more about how we can assist you with meeting your philanthropic goals and how you can help sustain the mission of ACM, please contact Dean Carrell at 253.683.3943 or by email.