Stock Donations

If your stocks have increased in value since you purchased them, you may want to consider giving securities. Under current tax laws, gifts of this nature can be extremely beneficial to you, as well to the hospital. Read more

The following information is critical when donating stock or other securities: Please supply us with:

• The complete name and address of the donor;
• Name and number(s) of the securities being donated or transferred;
• Date on which the transfer will take place;
• Name of the hospital program that you want to receive your gift.

When preparing to initiate the transfer, first please call us and let us know that you are actually proceeding with the gift transfer. You will need to decide if you are going to do an electronic transfer or a physical transfer. For an electronic transfer, call us and, we will provide you with our brokerage firm, our direct transfer code, the account name and the account number. If you are physically making the transfer, simply forward the stock certificate(s) directly to the hospital. A stock power form is required for each stock certificate. These stock powers must be signed, and your local banker or broker must guarantee your signature. By utilizing registered mail, send the stock powers and a letter informing us of your gift.

The date of the gift is the day the stock passes from your control. The value of income tax purposes is the mean between the high and low quoted selling price in that day. Your gift will be acknowledged with the valuation of your gift for tax purposes.

IMPORTANT: We recommend that the hospital NOT be indicated as "transferee" on the assignment form on the back of the stock certificate or on the stock power, and the stock not be sent to a transfer agent registering in the hospital's name. These procedures usually result in needless delay and expense.