Support Motor Racing Outreach

 

Sponsor Motor Racing Outreach in 2014!

 

Support MRO Securely Online via PayPal™

 

When you give to MRO we are committed to using all we are given (100%) for one purpose, getting the word out to the world of motor sports that God is real, He loves us, and His word is truth for our lives. Along the way we are committed to doing all we can to help everyone, men and women, young and old, singles, couples and families live a more satisfying, peaceful and fulfilling eternal life that comes from a personal relationship with God through faith in Him and His son Jesus. To those who give and tithe to MRO, thank you and glory to God!

 

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Support Team MRO with a SINGLE gift of

$

Support Team MRO with a recurring WEEKLY gift of

Weekly Gift Amount
$

Number of Weeks


Support Team MRO with a recurring MONTHLY gift of

Monthly Gift Amount
$

Number of Months


 

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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 # 0015
ACCT # 71811125

 

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