Not only are Americans among the most generous people in the world, they are particularly generous during the holiday season.
That’s true here at the Mackinac Center, where we see a spurt of giving from our friends at the close of the year.
You might think of donations in terms of cash gifts, but there are other ways to make a commitment that will have significant impact. A gift of appreciated stock can be an excellent way to support the Mackinac Center while also providing additional benefits to you as the contributor.
When making this type of gift, not only will you support the principles of free markets and limited government, but you may benefit personally in two additional ways.
The first benefit is the ordinary tax deduction of the actual cash value of the gift being made. The additional benefit is the potential 15 to 20 percent savings in capital gains tax, which comes if the shares are transferred directly from your account to the Mackinac Center. As always, we advise that you consult with your accountant or financial adviser to determine gains that may occur in your individual case.
Many donors have supported the Mackinac Center with gifts of appreciated stock over the years, directly benefiting the work to bring greater freedom and prosperity to our state.
If you are interested in making a gift of stocks or shares of a mutual fund to the Mackinac Center this year, please call us at 989-631-0900, and ask for the advancement department. You also can send an email to Lorie Shane, managing director of advancement, at shane@mackinac.org.
We will provide the information you need and assist in handling your request quickly and directly through a Midland financial firm.
Thank you again for all you do for liberty.
