Make a Gift of Stock

A gift of appreciated stock generally offers a twofold tax advantage:

  1. You avoid paying capital gains tax on the increased value of the stock.
  2. You receive an income-tax deduction for the full fair-market value of the stock at the time of the gift.

If you have owned stock for a “long term” period of time, more than a year, you qualify for these significant tax advantages.

It’s easy to make a gift of stock to Mother Jones via the Foundation for National Progress (FNP). Ask your broker to transfer the shares to the FNP.

The transfer should be encoded as follows:
Merrill Lynch
Foundation for National Progress DBA Mother Jones Magazine
Tax ID: 94-2282759
Account #: 6CL02506
DTC Clearing 8862

To make sure that you are properly credited and acknowledged for your gift, please have your broker contact us at (415) 321-1753 to let us know a transfer is taking place.