If you have a mutual fund and are looking to donate the proceeds to a non-profit like Texas Alpha Endowment Fund, you may qualify to receive a charitable deduction.
Donating Mutual Funds
What is a mutual fund?
A mutual fund is an investment vehicle that pools money from multiple investors. The money is invested in securities and managed by a professional advisor.
How do I give a charitable gift through a mutual fund?
- Make us part of your legacy. Name Texas Alpha Endowment Fund as the “payable on death” beneficiary of a mutual fund.
- Close your mutual fund account, and donate the funds to Texas Alpha Endowment Fund.
Please see your legal and/or tax advisor for more information and to determine if a charitable bequest to/for Texas Alpha Endowment Fund is right for you.