Gifts of marketable securities or property
A gift of stocks, bonds, mutual fund shares, real estate or other assets can help the museum in significant ways. As with other outright gifts, you receive an immediate tax deduction for the market value of the gift and the museum receives immediate benefit. If you give securities that you have held for more than one year, you can take a tax deduction for the full market value of the gift and avoid capital gains taxes. To get the maximum benefit for you and the museum, the security should be transferred to the Military Historical Society of Minnesota, not sold, but please check with your tax or legal advisor to confirm tax benefits.
For more information, contact us at email@example.com or call 320-616-6050.