ABOUT GIVING STOCK
Donating stock is an effective way to help Meals on Wheels Summit, Utah & Wasatch combat the growing threats of senior hunger and isolation nationwide. Making this gift is simple and offers you valuable financial benefits:
You can donate appreciated stocks, bonds or mutual funds
The total value of the stock upon transfer is tax-deductible
There is no obligation to pay any capital gains taxes on the appreciation
A GIFT OF APPRECIATED SECURITIES MAY BE RIGHT FOR YOU IF:
You want to diversify your assets without having to pay the capital gains taxes that would result from the sale of appreciated stocks, bonds or mutual funds
You are holding stocks, bonds, or mutual fund shares for more than a year and they have increased in value
You want to make a gift that does not affect cash flow or liquidity
STOCK AND WIRE TRANsFER INSTRUCTIONS
Gift of appreciated stock:
BANK OF MAG
A/C 3456789
DTC 1234
Agents Bank ID 586800
Domestic Wire Transfer:
Recipient Institution: MAG Inc.
ABA#:
123456789
Account
Name: Money, money, money
Account#: 123456789
Address: 586 E 800 N, Orem, UT
84097
Download a Sample Letter of Authorization to provide to your broker to help you get
started.
Once you are ready to make your donation, please reach out to kris@mowsuw.org.
