Looking to make an impact on FMMC while also making a larger impact on your taxes? You can do both by donating long-term appreciated securities, including stock, bonds, and mutual funds, directly to FMMC. Compared with selling your appreciated securities and contributing the after-tax proceeds, you may be able to automatically increase your gift and your tax deduction by transferring ownership of long-term holdings directly to FMMC. Doing this guarantees that you receive a charitable deduction for those holdings that is for their full market value and you are not subject to the capital gains tax (subject to IRS deduction limits).
If you are interested in contributing stock and securities directly to FMMC, please reach out to the Treasurer at firstname.lastname@example.org.
The Friday Morning Music Club, Inc. is a 501(c)(3) not-for-profit organization, and all donations are tax-deductible.