A gift of appreciated securities that you have held for more than one year is frequently the most economical way to give. You will be eligible to take a Federal income tax deduction equal to the fair market value of the stock on the date of the gift for up to 30 percent of your adjusted gross income and will not have to recognize the appreciation as capital gain. Following is specific information about how to give securities or mutual fund shares to Mustique Charitable Foundation:
Securities held by your bank or broker
Please notify your bank or broker that you are making a gift of securities to Mustique Charitable Foundation and instruct your bank or broker to e-mail info@mustiquefoundation.org for instructions. Securities held by you Please send unendorsed certificates by mail, along with a letter giving your name, address, and indicating that you are making a donation to the Mustique Charitable Foundation:
The Mustique Charitable Foundation
PO Box 20616
New York,
NY 10021
In a separate envelope, please mail to the same address a stock power for each certificate, along with a copy of your letter. Do not complete any information on the stock power other than your signature and the date and obtain a medallion signature guarantee. If the certificate represents a greater number of shares than you intend to give to Mustique Charitable Foundation, please enclose a note requesting the return of a new stock certificate with the non-gift balance and include your social security number, full name, address, and phone number.
Your bank or broker can supply you with blank stock powers. For most expedient handling, do not fill in Mustique Charitable Foundation’s name as transferee on either the stock certificate or the stock power, and please do not send stock certificates to a transfer agent for transfer into Mustique Charitable Foundation’s name.
Mutual fund shares
The procedure for transferring shares is established by the mutual fund company,. Please contact your mutual fund company and ask them to provide you with the appropriate letters of instruction.
Mustique Charitable Foundation’s Federal Tax Identification Number: 26-3084333