Donating Securities

436 Donating appreciated securities, such as stock or mutual funds, to Henry Mayo Newhall Memorial Foundation is a tax-wise approach to benefit health care in our community. Here are some of the potential benefits:

  • Avoid paying capital gains tax.
  • Receive a charitable income deduction for the full fair market value of the securities.
  • Further the mission of Henry Mayo today!

Step 1

Contact  HMNMH Foundation at (661) 200-1200 to notify us of your intention to make a stock gift. We would be delighted to guide you through the process and/or make an appointment to assist you in completing the transaction.   To ensure you are properly credited for your gift, please forward a cover letter giving your name, the name of the shares being transferred and the purpose for which the gift is to be used, to:

Diana Vose, President

Henry Mayo Newhall Memorial Foundation

25950 McBean Parkway, Valencia, CA 91355

 

Step 2

Transfer your shares to HMNMH Foundation by one of the following means:

  • If your shares are held in an account,ask your broker to make an electronic transfer of the shares to HMNMH Foundation's securities account at Morgan Stanley Wealth Management:

Account #: 210-058736-004
EBO: “Henry Mayo Newhall Memorial Health Foundation”
DTC#: 0015

 

Our broker is The Luechtefeld Group at Morgan Stanley, 24300 Town Center Dr., Ste. 200, Valencia, CA 91355. They can be contacted at (661) 290-2002.

Once the stock is transferred into the HMNMH Foundation's account, we will receive notification of the transfer and will send you a receipt. The effective date of the gift by this method is the date the shares are transferred into the account.

  • If you hold the certificate for your shares, send two documents: (1) the unendorsed certificate and (2) a signed stock power form to HMNMH Foundation in two separate envelopes.  You can download the stock power form HERE, or obtain it by calling our office at (661) 200-1200.  Please include a letter indicating to what purpose your gift should be directed.

Determining the Date of Gift

The date of the gift is determined by the act of "relinquishing" the stock. If mailed through a private mail service (FedEx, etc.), the gift is complete on the date we receive the mail containing the stock certificates. If mailed through USPS, the gift is complete on the date of the postmark of the last envelope to arrive at HMNMH Foundation (in case they don't arrive at the same time).

  • If you personally deliver stock certificateswith all necessary endorsements, the gift is complete for federal income tax purposes on the date of delivery.  Certificates may be delivered to the HMNMH Foundation offices at 25950 McBean Parkway, Valencia, CA 91355.

Receipting of Stock Gifts

Receipts to donors indicate the number and type of shares donated (no dollar amount). For recognition purposes, the donor of publicly traded stock will be credited with the fair market value of the donated stock -- which is determined by averaging high and low trading prices on the date of the gift (see above to determine the date of a gift).

 

Liquidation of Stock

As a rule, donated stocks are liquidated as soon as we receive them, or upon notification by our broker that the shares have been transferred to the HMNMH Foundation's account.

Thank you for considering a gift to benefit Henry Mayo Newhall Memorial Hospital! Your generous support helps advance health care services in our community.

 

For More Information

 

To speak to someone directly, please contact Development Director Andrei Nikitin at (661) 200-1203
or e-mail: nikitina@henrymayo.com.

 

To support Henry Mayo Newhall Memorial Hospital today, click Donate Now.  To learn about current projects that need your support, visit Current Projects. To name a patient room or other area, view Naming Opportunities. To learn more, please call the Foundation at (661) 200-1200 or e-mail  via our Contact Us form.  

 

Henry Mayo Newhall Memorial Foundation is a non-profit, tax-exempt organization under section 501(c)(3) of the Internal Revenue Code.  Our Federal Tax I.D. is 95-3849903.  Donations are tax-deductible for the extent allowed by the law. The tax law is constantly changing. Therefore, we strongly encourage you to seek the advice of a competent professional tax advisor, such as a CPA or tax lawyer.