LEGACY SOCIETY | DECEMBER 2023

Gifts of Stock are Taxwise and Impactful
When you are thinking of year-end giving, a gift of stock to the Foundation instead of cash can be a smart tax-planning move as well as impactful for the Museum of New Mexico. Many Foundation donors have found this to be true. When you donate appreciated stock held long-term, the deduction you get is greater than it would be if you were to sell the shares and donate the cash proceeds instead. You get an immediate tax deduction for the fair market value of the shares and you avoid paying the capital gains tax when the Foundation sells the stock.

John Macukas, Foundation Trustee, recently made a generous gift of stock to support the New Mexico Museum of Art Vladem Contemporary and to fulfill his Circles membership. He stated his reasons why, “We believe that the cultural life of a city is defined in large part by its museums. Through our contributions, we hope to help our museums continue to offer public access to art, education, entertainment, and community interaction. Our museums enrich our daily experience, guide us in our search for beauty, inform our understanding of the world, give form to our ruminations, and help us build more enlightened and meaningful lives.”

You too can make a difference with your end-of-year giving. Thank you for your consideration of making a gift of stock today and including the Museum Foundation and the institutions we support in your estate plans for the future.

Please consult our website for more information on how to make gifts of stock. You may also contact Laura Sullivan, Director of Planned Giving at Laura@museumfoundation.org or 505.216.0829.