Gifts of Stock
Here's a tax tip: Have you considered a gift of stock instead of cash?
If you own stock, it is sometimes “tax wise” to contribute stock rather than cash. Donating appreciated securities directly to CPMC Foundation - rather than selling the assets and then donating the cash proceeds - is an easy way to give! By giving your securities directly to CPMC Foundation it may be possible to increase your impact of giving and benefit your tax situation.
Rev. August 2014
If you donate appreciated securities, you will receive a tax deduction based on their full fair market value and you will not have to pay any capital gains tax. On the other hand, if your securities have decreased in value, you should sell them first. Then, you can take a capital loss deduction and receive a charitable tax deduction when you donate the cash proceeds.
When the stock is held by your stockbroker, please call your broker with instructions to make the transfer to California Pacific Medical Center Foundation's account. Your broker will need the following information to start the transfer process:
CPMC Foundation's Stock Brokerage Account
California Pacific Medical Center Foundation's stock brokerage account is:
UBS Financial Services
1610 Arden Way, Suite 200
Sacramento, CA 95815
Representative at UBS:
Mr. Michael Hardy
Account Name: Sutter Health Transition Account 2
Account # SO11184
Broker DTC #: 0221
CPMC Foundation Tax ID # 94-2728423
Stock in a Brokerage Account
Please follow the process stated below for any stock gift transfer to the CPMC Foundation account at UBS. The effective date of your gift will be the date of transfer from your account.
You or your stock broker should contact Janet Macaluso at CPMC Foundation by phone, fax, e-mail or U.S. mail.
(415) 600-2412 Direct Line
(415) 600-4400 General Line
California Pacific Medical Center Foundation
Attention: Janet Macaluso
2015 Steiner Street
San Francisco, CA 94115
Please advise Janet Macaluso of the following important information:
- 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
Stock Certificate Registered in the Donor’s Name
- Please do not sign the back of the stock or bond certificate.
- Instead, please request an Irrevocable Stock or Bond Power form from us. Refer to the contact information above for Janet Macaluso.
- We will assist you with completing the relevant forms and sending the original stock or bond certificate, completed Irrevocable Stock or Bond Power form and the signed donor instruction letter to UBS Financial.
[Please note that stock gifts cannot be made online.]