Giving appreciated stock to the Murfreesboro Historical Association!

A gift of appreciated stock is one of the most tax‑efficient ways to support the Murfreesboro Historical Association (MHA). By donating shares directly, you may avoid capital gains tax and may be able to deduct the fair market value of the stock—allowing your generosity to go even further in preserving Murfreesboro’s history.

🧭 Step 1: Request MHA’s Stock Transfer Information

Before initiating a transfer, please contact the Murfreesboro Historical Association to obtain our brokerage details. Your financial institution will need:

• Brokerage firm name
• DTC number
• Account number
• Account registration name

These details allow your broker to complete the transfer accurately.

🧭 Step 2: Contact Your Brokerage Firm

Let your financial advisor or brokerage know that you would like to donate stock to the Murfreesboro Historical Association. They will typically ask you to complete:

• A DTC stock transfer form, or
• Their internal charitable donation form

Once submitted, your broker will initiate the electronic transfer.

🧭 Step 3: Transfer Shares Directly (Do Not Sell First)

To receive the full tax benefit, transfer the shares directly to MHA rather than selling them yourself. A direct transfer may allow you to:

• Avoid capital gains tax on appreciated shares
• Deduct the fair market value of the stock if held for more than one year

This approach often results in a larger net gift to the nonprofit.

🧭 Step 4: Notify MHA of Your Incoming Gift

Stock transfers often arrive without donor identification. After initiating the transfer, please notify MHA with:

• Your name
• The stock ticker and number of shares
• The expected transfer date

This ensures we can properly acknowledge your generosity and match the gift to your record.

🧭 Step 5: Receive Your Charitable Acknowledgment

Once the shares are received, MHA will issue a written acknowledgment that includes:

• Your name
• A description of the donated shares
• The date the gift was received

* For tax purposes, please make sure to consult with your CPA

🧭 Step 6: Report the Gift on Your Tax Return

If you itemize deductions, you may be able to deduct the fair market value of long‑term appreciated stock (held more than one year). Gifts of appreciated securities are generally deductible up to 30% of your adjusted gross income.
If the stock was held for one year or less, your deduction is limited to your cost basis.
Large or non‑publicly traded gifts may require an appraisal.

💡 Considering a Donor‑Advised Fund?

If you use a Donor‑Advised Fund (DAF), you can donate stock to your DAF and then recommend a grant to the Murfreesboro Historical Association at any time.
This option can simplify timing and administration.

🎯 When Stock Donations Make the Most Impact

A stock gift may be especially beneficial when:

• Your shares have significantly appreciated
• You’ve held them for more than one year
• You plan to itemize deductions
• You want to avoid capital gains tax
• You want your gift to have maximum impact for MHA

✔️ Quick Checklist for Donors

• [ ] Stock held more than one year
• [ ] MHA brokerage information obtained
• [ ] Transfer initiated through your broker
• [ ] MHA notified of incoming shares
• [ ] Charitable acknowledgment received
• [ ] Deduction reported on your tax return

Information provided here is intended as general guidance and may not address every individual situation. Please consult with your CPA or financial institution for advice tailored to your specific circumstances.

Further References

How to Donate Stock to Charity: Complete Tax Guide...

How to Donate Stock to Charity: Tax Deduction Rules

How to Donate Stock to Charity and Maximize Your Tax Benefits - Nolo

How to Donate Stock to Charity: Donor-Advised Funds

Donating Appreciated Stock: A Double Tax Break | Wealth Insights