Gifts of Stock and Securities

Gifts of stocks or other securities such as bonds or mutual fund shares held long-term (more than one year) are deductible at full, present fair market value, with no tax on the appreciation. Donors may deduct up to 30% of adjusted gross income, with a five-year carryover for any excess. 

If you own stock or mutual fund shares that have appreciated in value, for most donors, the fair market value of stocks and bonds may be deducted for income tax purposes up to 30 percent of adjusted gross income with a five-year carryover. The value of the gift is the average market value price on the date the gift is made. The actual tax impact of such a gift, as well as the rules regarding this form of charitable giving should be reviewed with a qualified tax advisor.

The effective date of the donation is the postmark date, if mailed; otherwise, it's the date received by the Day Kimball Healthcare Development Office.

Gifts of stock and securities may be mailed to:
DKH Foundation Office
P.O. Box 632
Putnam, CT 06260

When sending your gift, please be sure to provide the following information so that we may properly credit and acknowledge your gift:

  • Name
  • Tentative Gift Amount
  • Tentative Transfer Date
  • Name of Securities
  • Number of Shares
  • Stockbroker/Brokerage Name & Contact Number

Gifts of Tangible Property Held Long Term

If we can use the property for a purpose related to our exempt function, you can deducted its current fair market value up to 30% of your adjusted gross income, with no tax on the appreciation.

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