Gifts of appreciated securities, such as stocks and mutual funds, are excellent ways to support the Newark Museum. Such gifts are simple and may provide a greater tax benefit than an equivalent gift in cash.
A gift of stock owned for more than one year entitles you to an income tax charitable deduction for the full fair market value of the donated asset. If the stock has appreciated, you also avoid any capital gains tax on the appreciation.
For assistance in making a gift, please contact Michele Saliola at 973.596.6491 or email@example.com