Gifts of Stocks and Bonds
Donating gifts of stocks or bonds to Midtown comes with tax benefits that allow you to maximize your impact on those we serve at a lower person financial cost. It’s a simple and tax-effective way to make a difference right here in St. Louis.
Benefits of donating non-cash assets
Receive an income tax deduction for the fair market value of you gift
Avoid capital gains tax on the sale of appreciated stock
Stock donations can be up to 20% more valuable than selling the stock and donating proceeds
How to donate stocks and bonds to Midtown
Talk to your financial advisor or brokerage company to determine the best time to donate – valuation is calculated using the average of the high and low prices on the date of the gift.
Request a transfer of stock to Midtown Neighborhood Opportunities Corporation through your brokerage or investment account. Your brokerage company is invited to contact us at 314.534.1180 or admin@midtownstl.org with any questions they have.
Funds can be transferred to Midtown via an electronic funds transfer or by certified mail. Fill out the form below and send it to bschaefer@midtownstl.org.
Once funds are received, they immediately help Midtown in our efforts to break down barriers of isolation, poverty, and prejudice for our families.
If you have any questions on donating gifts of stocks or bonds to Midtown, contact us anytime at admin@midtownstl.org. For full complete rules and limitations, please talk with your tax advisor or financial planner.
DISCLAIMER: This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. No warranty or representation, express or implied, is made by Midtown Community Services, nor does Midtown accept any liability with respect to the information provided on our website. You should consult with your professional advisor(s) prior to acting on the information provided.