Gifts of stock are a smart way to help support our mission while also receiving great tax benefits. As long as you have held the stock for more than twelve months, you can deduct its full fair-market value at the time of your gift, regardless of how much you paid for it. You also have the chance to reduce or completely eliminate your capital gains taxes. To make a gift of stock you will need the following information:
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 emailing JaysonL@gmhc.org calling 212.367.1386.
If you hold the securities, mail or hand deliver the certificate(s) without any endorsement or assignment to:
Attention: David Pais
446 West 33rd Street
New York, NY 10001
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 emailing JaysonL@gmhc.org or call 212.367.1386. 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.
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).