Gifts of Cash, Checks and Securities

How to make a gift of cash or check

Please deliver a cash donation in person, at the address below. We suggest you let us know in advance that you will be stopping by.

If you are making a donation by check, please make your check payable to Salem Hospital. Mail to:

Salem Hospital
Development Office
81 Highland Avenue
Salem, MA 01970

How to give securities

A gift of appreciated securities supports Salem Hospital, and it may also provide you with significant tax benefits. Contributions of appreciated securities held for over a year are generally deductible at market value, regardless of what the donor paid for them; moreover, the capital gains tax is avoided through such a gift.

In order to ensure a smooth transfer, proper gift acknowledgement and designation of the gift, please contact Nicole Short at 978.354.2056 at the time the transfer takes place. We will need the following information:

1. The donor’s name and address
2. The name of the stock being transferred
3. The approximate number of shares being transfer

To donate a physical stock certificate, mail the unendorsed certificate(s) with a letter of instruction that specifies Salem Hospital Healthcare as the recipient and outlines the details of the contribution, as well as any particular designation.

Under separate cover , send a copy of this letter of this letter and a signed (but otherwise blank) Stock Power form for each certificate, making sure the signature corresponds exactly with the name as it appears on the face of the stock certificate. Mail all documents to the address below. The date of the gift will be determined by the later postmark of the two envelopes.

Nichole Short
Salem Hospital  
Development Office
81 Highland Avenue
Salem, MA 01970

In accordance to the IRS guidelines, the date of gift will be considered the date that we assume ownership of the shares. For crediting purposes, the value is determined as the average of the high and low listings on the date the stock is gifted. For more information about valuing and transferring gifts of securities, please call us at 978.354.2056.