USMMA Alumni Association and Foundation
Serving, assisting and perpetuating the United States Merchant Marine Academy
The United States Merchant Marine Academy Alumni Foundation (USMMAAF) exists to serve, assist and perpetuate the United States Merchant Marine Academy at Kings Point, New York, its regiment of midshipmen, faculty, staff, alumni, and the United States maritime industry. The USMMAAF supports the Academy's mission of educating and graduating Merchant Marine officers who will become leaders in the commercial and defense transportation services of the United States. The Foundation also fosters and encourages the development of the Academy and the United States maritime industry to meet the future transportation needs of the United States, and will enhance the prestige thereof by acquisition, preservation and dissemination of information pertaining to their history, activities, methods and objectives.
Category: Education
Cause: Scholarship and Financial Support
Support USMMA Alumni Association and Foundation with a tax-advantaged gift in minutes!
- Avoid capital gains tax* and deduct the current value of stocks, ETFs or mutual funds held more than one year
- Amplify your generosity with a pre-tax gift: nonprofit keeps the proceeds that would have been paid in taxes
- It’s fast, safe and free with the most trusted name in stock gifting
This is information, not financial advice. Please consult with a tax professional. *
Capital Gains Tax and NII Tax rates range from 18.8% - 37.1%, depending on your income and locality.
Disclosures:
- DonateStock is the trusted facilitator of charitable gifts of securities, crypto and other non-cash assets for more than 10,000 nonprofits and donors.
- To better serve our stock and crypto donors, we host giving pages (like this one) so they can donate securities and crypto to other nonprofits from their DonateStock account.
- As this specific nonprofit has not yet registered with us, the donation will be processed and paid by Donatestock Charitable, Inc, a 501(c)(3) nonprofit.
- Once the gift is initiated, we will contact the nonprofit beneficiary to inform them of the gift and arrange payment.
- After the gift is received, we will provide a tax receipt to the donor and send the proceeds, gift details and donor information to the nonprofit beneficiary.
- Payments are normally sent via ACH within 2 weeks of receiving the shares or crypto. If we cannot reach the nonprofit beneficiary within 30 days, we will remit payment by check.
- There is no cost to donors or financial advisors. Nonprofits are charged a modest transaction fee that is in line with (or lower than) other online gifts.
- Please contact us if you have any questions.