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Appreciated Securities
Are you looking to stretch your giving ability?
Giving appreciated stock or bonds to Abington Memorial Hospital Foundation is
usually more advantageous than giving cash. If you give appreciated securities
held longer than one year, you can deduct their full fair market value, regardless
of what you originally paid for them. Your total deduction is limited to 30%
of your adjusted gross income in any year, but you can take any unused deduction
over five succeeding tax years. And, you pay no capital gains tax on the donated
securities! With these tax savings, the actual cost of your gift is less than
if you made a cash gift.
How to give securities
- Securities held by your bank or broker
Tell your banker or broker the number of shares of each security you wish
to give and instruct the bank or broker to telephone the Office of Planned
Giving at 215-481-4019 for transfer instructions. Please do NOT
instruct your broker to sell your stock on AMHF's behalf,
and please do NOT send the securities to a transfer agent for transfer into AMHF's
name. The date of your gift for valuation purposes is the date on which the
securities actually pass from your control, regardless of when you instructed
your broker to transfer them. The amount of your gift for gift crediting
purposes will be based on the mean market value of the high and the low share
price of each security on the date of transfer.
- Securities held by you in certificate form
AMHF Fund Development Staff is happy to meet personally with you to handle this transaction however you may also carefully follow these instructions.
Send or deliver your certificate(s)—do NOT endorse or sign—by
first class mail along with a letter of transmittal giving your name, address
and the purpose of the gift to:
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Abington Memorial Hospital Foundation
1200 Old York Road
Abington, PA 19001
Please do not FedEx or overnight to this address!
In a SEPARATE envelope, mail or deliver to the same address
a stock or bond power for EACH security, left blank except for your signature.
You may obtain blank powers from the Office of Planned Giving, your bank or
your broker. Be sure to sign the power EXACTLY as your name appears on the
certificate or bond. Your signature need not be guaranteed. By IRS rules, the
date of your gift is the later of the two postmarks on the envelopes you send
by mail.
Please do NOT fill in Abington Memorial Hospital Foundation's name
as transferee on either the stock certificate or the stock power, and please
do NOT send the stock certificate to a transfer agent for re-registration
in Abington Memorial Hospital Foundation's name.
Trusts and life-income gifts
If you are giving securities to fund a trust or a life-income
gift such as a Charitable Remainder Trust
, Pooled Life Income Fund gift
or Charitable Gift Annuity, please contact the Office
of Planned Giving for special transfer instructions.
WARNING: Consult your legal and tax advisors before making
any material decisions based on this information.
Send me a Personal Illustration!
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For more information
E-mail us,
complete the Personal Illustration form, or
call us at 215-481-4019 so that we can assist you.
Abington Memorial Hospital Foundation
1200 Old York Road
Abington, PA 19001
215-481-4019 | Fax: 215-481-4019
E-mail: LegacyGifts@amh.org
*Notice: Consult your legal and tax advisors before making any material decisions based on this information.
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