Why Donate Stock
Donating appreciated stock to TMAI is a simple and tax-wise way to maximize your gospel impact. Stock donations allow you to claim a tax deduction for the current market value of the stock while also avoiding capital gains tax. This means your tax deduction and your donation are larger than if you had sold the stock!
How It Works
Transfer appreciated stock you have owned for at least one year to TMAI*
Receive an income tax deduction for the stock value on the date of transfer
TMAI then sells the stock using the proceeds where needed most, or for the school you designate
The Result
TMAI receives a larger donation and you claim a higher deduction.
How to Give
in THREE EASY STEPS
1
Contact your Broker to Initiate the Transfer
2
Provide your Broker TMAI’s Information and the Desired # of Shares
Brokerage: Charles Schwab
DTC Clearing 0164, Code 40
Account #: 3113-1740
Account Title: The Master’s Academy International
Or send your broker a letter using this template
3
Notify TMAI to Receive the Documentation of your Gift
(818) 909-5570
donations@tmai.org
Or fill out this online notification form
* Securities may not be transferred from an IRA or other retirement account.
TMAI does not provide tax or legal advice. Each individual should consult their financial advisor or tax professional.
