Gifts of Securities

A gift of appreciated securities is one of many ways you can support North Shore Medical Center, and it may provide you with significant tax benefits as well. 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.

How to Give Securities

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 NSMC 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
North Shore Medical Center
Development Office
81 Highland Avenue
Salem, MA 01970

In accordance to the IRS guidelines, the date of gift will be considered the date that NSMC assumes 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.