When you make a gift of appreciated securities you help the Museum of Fine Arts, Boston, and could receive a double tax benefit—a charitable deduction and avoidance of capital gains tax. Securities can be donated for Membership, the Patron Program, and the MFA Fund, to name just a few options, providing invaluable support for the Museum’s mission and programs.
- You may be able to take a tax deduction for the full, fair-market value for stock or other securities that have increased in value (if you have owned them for at least 12 months).
- You pay no capital gains tax on any appreciated assets you contribute.
- You have the satisfaction of supporting the MFA in a way that benefits you as well—and you may even be able to increase the amount of your gift because of its decreased cost to you.
To Make a Gift of Securities
Simply contact your financial institution and request the shares be transferred directly to the MFA’s account at Wells Fargo Advisors. You will need the following information:
MFA’s Broker: Wells Fargo Advisors
Account Name: Museum of Fine Arts
Account Number: 4672-5696
MFA Tax ID: 04-2103-607
Before initiating a gift, please contact Terry Lighte at 617-369-3733 or firstname.lastname@example.org or Jason Medina Restrepo at 617-369-3841 or email@example.com so that we know to expect the securities you are donating and can promptly acknowledge your contribution.
In accordance with IRS guidelines, the date of your gift will be the date the securities depart your account at your financial institution. For crediting purposes, the value is determined as the average of the high and low listings for the stock on that date.
For more information about donating securities, including how to make a gift of mutual funds or stock or bond certificates, please contact Planned Giving at 617-369-3193 or SargentSociety@mfa.org. We are also available to discuss options for maximizing the impact of your gift, personally and for the MFA.