Stock Giving
How it works:
- You transfer securities to Martin Luther King, Jr. National Memorial Project Foundation.
- The MLK National Memorial sells your securities and uses the proceeds for its project.
Benefits:
- There is no capital gains tax on the securities you donate.
- You receive the full gift credit for the fair market value of the securities on the date of transfer, no matter what you originally paid for them and an immediate income tax deduction.
How to Transfer a Gift of Stock to Martin Luther King, Jr. National Memorial Project Foundation
For Transfer Directly to our Broker:
Smith Barney Citigroup: DTC# 0418
For Martin Luther King, Jr. National Memorial Project Foundation Acct. #179-XXXXX-XX-XXX
MLK Memorial’s account rep is:
Joe Wong / Yasmine Bonilla
Citigroup Global Markets, Inc.
1050 Connecticut Avenue, NW Suite 800
Washington, DC 20036
202-861-5047, or 1-800-522-3546
For Transfer Directly to MLK National Memorial Project Foundation:
Send the unsigned stock certificate by registered mail or by some other mail method that can be tracked. Then in a separate mailing (do not mail with the stock certificate) send the signed stock power. Both envelopes should be addressed to:
Richard Marshall
Martin Luther King, Jr. National Memorial Project Foundation
401 F Street, NW, Suite 334
Washington, DC 20001
If you have questions, or need assistance with regard to a gift of stock or other securities, please call 1 (888) 4-THE-DREAM (1.888.484.3373)
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