Gifts of Stock
Sutter Medical Center, Sacramento
If you have held your appreciated securities (stocks, bonds or mutual fund shares) for at least one year and they have increased in value, you can deduct the full fair market value of the securities you donate to Sutter Medical Center Foundation and avoid the capital gains tax.
For example, if you paid $100 for 20 shares of ABC.com stock in 2004, and the shares are now worth $1,000, you can deduct $1,000 if you donate those shares to Sutter Medical Center Foundation.
You can increase your income and save taxes by donating your appreciated securities to Sutter Medical Center Foundation through a charitable gift annuity or a charitable remainder trust.
If your securities have depreciated, you may sell the stock and claim a loss on your income tax return. You may later donate the proceeds from the sale and claim a charitable deduction on your income tax return, if you itemize.
Making a gift of securities to Sutter Medical Center Foundation is simple and our staff is here to help you. The process for making a gift of securities depends upon whether you are holding the shares in a brokerage account or in certificate form.
Stock in a brokerage account
Instruct your broker to transfer the securities to Sutter Medical Center Foundation's brokerage. You or your broker will contact us for our main brokerage account name, account number and contact information.
Please follow the process below for any stock gift transfer to Sutter Medical Center Foundation’s brokerage. The effective date of your gift will be the date of transfer from your account.
You or your stockbroker contacts Greg Walaitis at Sutter Medical Center Foundation by phone, fax, e-mail or U.S. mail.
Greg Walaitis
Executive Director
(916) 733-3863 Phone
(916) 733-8972 Fax
walaitgj@sutterhealth.org
Mailing address:
Sutter Medical Center Foundation
Attention: Greg Walaitis
2800 L Street, Suite 620
Sacramento, CA 95816
Please advise Greg Walaitis of the following important information. This information is critical for us to recognize your gift. We will immediately contact our brokerage firm advising them that a gift of stock will be transferred into the Foundation account.
- Your name, address and phone number
- Name of your brokerage firm that will be transferring the stock
- Your brokerage firm DTC#
- The name of the stock you are gifting
- The number of shares
- The date you are instructing your broker to make the transfer
- Whether you would like your gift to be unrestricted or designated to a specific program at Sutter Medical Center, Sacramento
Stock Certificate Registered in the Donor’s Name
A. Deliver the Stock Certificate(s) and a signed Stock Power separately. The donor’s signature must be ”signature guaranteed” by a financial services institution.
B. Be sure to include your name, address and phone number so that we can properly acknowledge you for tax purposes.
C. Deliver to: Sutter Medical Center Foundation, Attention Ann Hansen, 2800 L Street, Suite 620, Sacramento, CA 95816
D. The effective date of your gift will be the date the certificates are received.
NOTE: The stock power and certificate should be mailed under separate cover. In case of loss or theft, the stock can only be transferred if the finder has both documents.
We’re here to help! If you have any questions about saving taxes on appreciated securities, donating securities, or providing more income for yourself or loved ones, please contact Greg Walaitis at 916-733-3863.
