The simplest method of donating to the Museum is with an outright gift of cash or securities.
A gift of cash is the most popular way of supporting MoMA. Gifts of cash are ordinarily tax deductible up to 50% of your adjusted gross income (AGI) in the year of your contribution (with a five-year carryover for the excess not utilized).
Next to cash, readily marketable appreciated securities are the assets most commonly donated to MoMA. When you donate appreciated securities, you generally do not incur any capital gains tax. You also may be eligible to receive a federal income-tax charitable deduction (up to 30% of your AGI with a five-year carryover) for the securities’ full fair market value if you have held them long term (i.e., for longer than 12 months). If the donated securities were held short term (i.e., 12 months or less), your deduction may not exceed your cost basis. Because a gift of appreciated securities generally avoids capital gains taxes, this type of gift may have a lower after-tax cost to you than an equivalent gift of cash.
In addition to stock, you may donate bonds and mutual fund shares to MoMA.
If you are considering making a gift of securities to MoMA, contact the Office of Planned Giving at (212) 333-6527 for information on the proper procedures, including Depository Trust Company instructions.