When you donate long-term appreciated securities to us, you can claim the full value of the gift as a charitable deduction.
Appreciated Stocks and Bonds
A gift of long-term appreciated securities provides capital gains tax savings and allows you to claim an income-tax charitable deduction-all while supporting the lifesaving mission of BID Milton.
Mutual Fund Shares
Gifts may also be made from mutual fund accounts to BID Milton. You are required to write a letter of instruction to your mutual fund stating the number of shares being given to the hospital, the timing of the gift, and the name of the account from which the shares are coming.
Gifts of Stock or Security
When you gift appreciated securities that you have owned for more than one year, you receive a charitable deduction for the fair market value of your gift and avoid taxation of the capital gain.
BID Milton prefers to receive gifts of securities via DTC. To ensure your gift can be properly acknowledged, please call 617-313-1161 or email us with the name of the security, number of shares, and date of gift. The instructions below can be provided to your broker.
Broker: Merrill Lynch
Credit to: BIDH-Milton