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Gifts of Stock
Gifts of stock are greatly appreciated by GMHC. Here is the information
you need to make this type of gift:
Electronic Transfer
If your stock is held in a brokerage account, your broker can transfer
your gift electronically. He or she will need the following information:
DTC #: 5198
Account Name: Gay Men's Health Crisis [GMHC]
Account #: 891-04B44
Brokerage: Merrill Lynch
Because electronic transfers are made without identifying
the donor, please alert us in advance about the stock and number
of shares you plan to give. You can do so by e-mailing Brian Schumann at brians@gmhc.org or
calling 212.367.1176.
Physical Delivery
If you hold the securities, mail or hand deliver the certificate(s)
without any endorsement or assignment to:
Gay Men's Health Crisis
Attention: Brian Schumann
The Tisch Building
119 West 24th Street
New York, New York 10011-1913
USA
In a separate envelope, mail or deliver a signed stock power form
for each gift — except for your signature, the stock power
form should be blank – and gift letter. The gift letter should
state your intention to make a gift of the securities to GMHC.
You can request a stock power form by calling 212.367.1176 or
e-mailing brians@gmhc.org.
You can also obtain a stock power form from your bank or broker.
Please sign the stock power exactly as your name appears on the
stock certificate.
If you itemize your tax returns, gifts of securities entitle you
to a federal income tax charitable deduction. In the case of appreciated
securities, you may deduct the full fair market value of your gift
once you have held onto the securities for at least one year. You
are permitted to carry any unused deduction forward for up to five
additional years. In addition, you will avoid paying capital gains
tax on the stock you donated to GMHC.
According to IRS regulations, the date of your gift corresponds
to the date it arrives in our possession (for transfers from brokerage
account to brokerage account).
© 2005 Gay Men's Health Crisis |
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