In addition, you receive a tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent vehicle for stock that has appreciated substantially in value. A gift of stock also brings with it MPR membership, with benefit levels corresponding to the amount of the gift. How to Give Stock to MPR Stockbrokers require instructions in writing.
Mutual funds require special handling.
It is important to notify MPR when you have completed your request to your broker.