Stocks, mutual funds, bonds, or any other publicly traded securities can be transferred as gifts.
The Advantages of Making a Gift of Stock
- The market value of a gift of stock and securities is tax-deductible, just like any other charitable contribution.
- Giving stock or securities has an additional tax advantage over a cash gift: you avoid capital gains tax on the appreciation of the asset.
- A gift of stock or securities could increase the value of your gift to Dana-Farber and the Jimmy Fund at a decreased cost to you (see example below).
How to Make a Gift of Stock
To arrange a stock transfer, please contact:
Tim Concannon
Dana-Farber Cancer Institute
10 Brookline Place West, Sixth Floor
Brookline, MA 02445
Phone: 617-632-3716
Email: TimothyY_Concannon@dfci.harvard.edu
Shares may be transferred electronically to:
UBS Financial Services Inc.
Attention: Owen Dugan
One Post Office Square, 33rd Floor
Boston, MA 02109
Phone: 617-439-8521
Fax: 617-833-5565
Compare the following three ways you could give using a $10,000 gift as an example:
| Give a Cash Gift to Dana-Farber and the Jimmy Fund | Sell Appreciated Stock and Give Proceeds to Dana-Farber and the Jimmy Fund | Transfer a Gift of Appreciated Stock to Dana-Farber and the Jimmy Fund | |
|---|---|---|---|
| Fair Market Value (FMV) of Gift | $10,000 | $10,000* | $10,000* |
| Long-Term Capital Gains Tax ($4,000 x 15%) |
N/A | $(600) (Due to the IRS Tax on Appreciated Stock) |
$600 (Capital Gains Tax Savings) |
| Income Tax Savings** ($10,000 x 24%) |
$2,400 | $2,400 | $2,400 |
| Total Tax Savings (Capital Gains Tax Savings + Income Tax Savings) | $2,400 | $1,800 | $3,000 |
| Net Cost of a $10,000 Gift (FMV of Gift - Total Tax Savings) | $7,600 | $8,200 | $7,000 |
*For which you paid $6,000 and have a $4,000 capital gain
**This example uses a 24% tax bracket
Always consult with your tax advisor for specific tax information when giving securities, as certain limitations to deductions may apply.
Are you a financial advisor?
If your clients are looking to make a gift of stock, please note Dana-Farber's tax ID number is 04-2263040. Please see our Resources for Advisors for more information.