Gifts of Securities
Use appreciated securities to enhance your giving. The IRS allows a notable tax break for individuals considering a charitable gift. Donors may deduct the full, fair market value of appreciated assets given to the Zoo, with no recognition of capital gains. That means that donors can leverage a large donation and charitable deduction using an asset with a small cost basis.
Don't sell the stock first and then give us the proceeds! Even though you intend to make a charitable gift, the IRS will impose capital gains tax on your sale, wiping out the benefits of this arrangement.
For your convenience, you may wire transfer your stock to the Mill Mountain Zoo’s account with BB&T.
For more information, please contact Michaela Pace-Wilson, Business Manager, at 540.343.3241 Ext. 21 or Michaela@mmzoo.org
Planned Giving
Leave a Legacy
Planned gifts can benefit Mill Mountain Zoo while helping you to save taxes, increase your income and pass more on to your heirs.
Listed below are just a few of the many ways in which you can give a planned gift to the Zoo. For more information, please contact Michaela Pace-Wilson, Business Manager, at 540.343.3241 Ext. 21 or Michaela@mmzoo.org
Bequest:
Create a legacy by naming Mill Mountain Zoo in your will for a specific amount or a percentage of the total estate, or the residue of the estate.
Charitable Gift Annuity:
Receive lifetime payments as well as tax savings while you support Mill Mountain Zoo. Transfer cash or securities to the Zoo, and receive fixed annuity payments for life.
Life Insurance Policy:
Donate a policy that is no longer needed for family protection or establish a new policy with the Zoo as beneficiary and deduct the annual premiums.