What is the Mr. Malibu Challenge?
The Mr. Malibu Challenge is an online campaign to show the fossil fuels industry that the majority of people in the world want the immediate clean up of all the oil spills in the oceans and on land. It is a powerful message that the louder it gets, the more actual REAL results will happen faster. This online campaign raises awareness and funds to find solutions to clean the oceans and to identify clean energy solutions. It is primarily intended to effectively engage the oil industry and hold them accountable to do the right thing, to bring a new level of transparency to what is actually being done.
How do I participate in the Mr. Malibu Challenge?
ACCEPT: Accept the challenge ( you do not have to wait to be challenged by anyone to go ahead and do it! )
VIDEO: Film yourself to support the Mr. Malibu Foundation efforts stated above.
POST YOUR VIDEO on Youtube, Facebook, Twitter, Instagram or any other social media and tag your friends who you think will take your challenge;
DONATE – Make a donation to the Mr. Malibu Foundation. (You do not have to make a donation to take the challenge).
Your gift to the Mr. Malibu Foundation will support the effort to clean up all oil spills and stop drilling for oil in the oceans around the world.
Donate Stock and Appreciated Assets
You transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to The Mr. Malibu Foundation
The Mr. Malibu Foundation sells your securities and uses the proceeds for its programs.
You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer (even if you originally paid much less for them).
You pay no capital gains tax on the transfer when the stock is sold.
Giving appreciated stock can be more beneficial than giving cash. The “cost” of your gift is often less than the deduction you gain by making it.
A $5,000 cash gift and a gift of $5,000 in appreciated securities both generate the same charitable deduction.
But if you use publicly traded stocks, bonds, or mutual fund shares that you have held for a year or longer to make your gift, you will receive an additional tax benefit: The IRS allows you to make your transfer to The ALS Association without recognizing capital gains on the appreciation. You can thus leverage a larger donation than you could make with cash — and receive a larger tax benefit — by “buying low and giving high.”
Your gift of stock is valued, for tax purposes, at the mean of the high and low on the date of transfer. Mutual funds are valued at the “net asset value.”
If you and your advisors are transferring assets at the end of the year, it is especially important to note the following.
For stocks transferred through the U.S. Post Office, the gift date may be found in the postmark. (Stock certificates should be sent unsigned to The ALS Association with an executed stock power mailed under separate cover on the same day.)
Gifts delivered by UPS, Fedex, or any other delivery company are credited, by law, on the day received by The ALS Association.
Important Tip: Don’t sell the stock first. Even though you may give us the proceeds as a gift, the IRS will impose capital gains tax on your sale, wiping out the benefits of this arrangement.
Commitment to Transparency
The Mr. Malibu Foundation is committed to providing complete and accurate information about our activities and the associated financial costs. To support this commitment, we provide access to our Internal Revenue Service Form 990, our audited financial statements and an annual report to summarize and simplify the financial data. We encourage anyone, especially those interested in supporting our cause, to review the information.