Donors can make gifts of publicly traded securities that have appreciated in value because of certain tax advantages. You may be entitled to a charitable income tax deduction for the fair market value of the gifted securities as of the date of the gift.
We encourage you to consult your financial planner or tax adviser who can assist you in evaluating the tax advantages available to you when making a donation of appreciated securities.
For direction on donating securities, please contact the Library Director for detailed instructions.
We ask that you copy us on transfer instructions or send a “gift letter,” to the attention of FMPL, 39 Keep St., Madison, NJ, 07940 in order that we may confirm that your instructions have been completed. The “gift letter” can also be emailed to FriendsMadisonNJLibrary@gmail.com. We will provide you with an acknowledgement of your gift which you will need for tax purposes.