Sponsor Motor Racing Outreach in 2012!
Support MRO Securely Online via PayPal™
Want to pattner in ministry with MRO? Click on the donation link below and help MRO share the truth of real hope and change to the 75,000,000 fans of NASCAR!
| JUST ONE GIFT OF $20 WILL PROVIDE RACING RELEVANT GOSPEL LITERATURE TO OVER 250 RACE FANS! | |
| JUST ONE GIFT OF $45 WILL PUT A NEW TESTAMENT BIBLE IN THE HANDS OF 20 INDIVIDUALS! | |
| JUST ONE GIFT OF $100 WILL HELP US KEEP OUR CHAPLAINS AND STAFF ON THE ROAD! | |
| YOUR GIFT HELPS SHARE THE GOSPEL WITH RACE FANS AND COMPETITORS AROUND THE NATION! |
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Support MRO via Mail
Please Make Checks Payable to Motor Racing Outreach.
Motor Racing Outreach
Smith Tower, Suite 405
5555 Concord Parkway South
Concord, NC 28027
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MRO Stock Donations
The benefits available to you when making a contribution of stock or mutual funds may include:
•Avoiding federal and state tax on the capital gain;
•Receiving an income tax deduction (federal and most states) for the full market value of the gift if you itemize deductions on your tax return and have held the assets one year or longer;
•Making a larger gift at a lower original cost to you.
Before you make a gift of appreciated securities, you should consult your financial planner or tax advisor to determine how the potential tax advantages described here apply to your specific situation.
There are two common methods of gifting securities to MRO. The first is Electronic transfer through which your broker can transfer shares using the MRO DTC number. The other is physically mailing the paper certificates to our contact with MorganStanley SmithBarney. Either method is acceptable, but it is necessary for you to contact your broker to initiate the transfer.
Stock Advantages Over Cash
Your securities donation can deliver significant tax advantages over a cash donation, allowing you to fund the community issues you care about at a lower after-tax cost to you. The chart below depicts the difference between the after-tax cost of a gift of cash and a gift of stock. Assume that the stock was originally purchased at $250 (basis), the income tax rate is 27%, and the capital gains tax is 20%.
*For tax receipt purposes, actual stock valuation is based on the mean of the highest and lowest price on the day the stock is received by MRO. Gifts of stock will be liquidated when received, and brokerage fees will be deducted from the gross proceeds. The net proceeds will be disbursed to your charities.
MRO Contact regarding gifts of stock:
MorganStanley
SmithBarney LLC.
P.O. BOX 11429
Charlotte, NC 28220
Keith B. Smithers
(704) 896-9126
DTC # 0418
ACCT # 47H-01918-15
Potential Stock Benefits |
||
|
Cash |
Stock |
Value of Gift |
$1000 |
$1000 |
Ordinary Income Tax Deduction |
($270) |
($270) |
Capital Gains Tax Savings |
$0 |
($150) |
After Tax Cost of Gift |
$730 |
$580 |

