Benefits:
- Eliminate capital gains
- Receive immediate income tax charitable deduction
- Remove assets from your estate
- Support Marymount Manhattan College's endeavors
Did you know that you can support Marymount Manhattan's educational mission by donating appreciated assets like stocks, real estate, works of art, etc. to the College?
Why donate appreciated assets?
By donating an appreciated asset to MMC you may benefit from an income tax charitable deduction at the current market value and not pay capital gains tax on the asset's appreciation.
Here's an example:
Margaret has stock valued at $50,000. When she bought the stock it cost her $5,000. If Margaret were to sell the stock, she would have to report $45,000 in capital gains tax. At the current tax rate Margaret would have to pay $6,750 in capital gains tax. However, if Margaret gave the stock to MMC, she would get a charitable income tax deduction of the full $50,000 and would not have to report any capital gains.
To learn how easy it is to do this, please contact (973) 325-1380 or plannedgiving@mmm.edu.
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