Disclaimer:
Mother Jones has recently merged with The Center for Investigative Reporting/Reveal. As we work on this transition, you might hear from fundraising staff from either organization. Thank you for your patience as we build a unified and strong nonprofit newsroom.
A gift of appreciated stock generally offers a twofold tax advantage:
- You avoid paying capital gains tax on the increased value of the stock.
- You get an income-tax deduction for the full fair-market value of the stock at the time the gift is received.
If you have owned stock for a “long term” period (more than a year), you qualify for these significant tax advantages.
It’s easy to make a gift of stock to the Center for Investigative Reporting. Ask your broker to transfer the shares to the FNP. We are a 501(c)(3) nonprofit under EIN 94-2282759. Simply ask your broker to encode the transfer of shares as follows:
Merrill Lynch
Foundation for National Progress, dba Mother Jones
Tax ID: 94-2282759
Account #: 6CL02506
DTC Clearing 8862
To ensure that you are properly credited and acknowledged for your gift, please have your broker contact Sydney Sims at ssims@motherjones.com or (415) 321-1754 with notification that the transfer is taking place.
