Stock gifts
Gifts of appreciated assets such as individual securities or mutual funds are not only a valuable way to generously help Greenpeace; they also double your tax benefits.
How your gift saves you tax dollars?
You can deduct the full fair market value of your appreciated assets owned for more than one year. You save again by avoiding all capital gains taxes on your "paper profit."
Here's how it works. Take the example of Ms. Green. The stock she purchased in 1995 for $250 is now worth $1,000. If Ms. Green gives the stock instead of cash, Greenpeace receives a gift of $1,000 the fair market value of the stock and she can claim a $1,000 charitable deduction on her next income tax return. In a 36 percent bracket, that's a tax savings of $360. Furthermore, she avoids $150 in capital gains taxes that would be due whenever she sold the stock. The result: after figuring the tax savings, a gift of $1,000 cost Ms. Green only $490.
DTC#: 0015
Account name: Greenpeace Fund, Inc.
Account number: 473-109238
Broker: Morgan Stanley