 |
 |
 |
 |
 |
 |
 |
 |
 |
|||||
 |
||||||
Instructions For Donations
of Securities
| St. Helena Hospital Foundation Instructions for Transfer of Securities |
Thank you
for considering a gift to benefit the St. Helena Hospital and health care in
our community. All gifts should be made to St.
Helena Hospital Foundation.
SAMPLE STOCK POWER
FORM (PDF)
STOCK TRANSFER LETTER
(PDF)
Please notify the Foundation Office (Oliver
Ramsey or
Rachelle Newbold) of
all impending stock gifts,
so that we may
monitor the transfer process and arrange for the timely sale of stock. It is
the Foundation’s policy to sell stock received as gifts. However,
securities/shares must be transferred to the Foundation before they are
sold.
Stock held in street name
may be wire transferred. The donor should authorize their broker (see Stock
Transfer Letter) to transfer stock to:
|
The
Mechanics Bank |
Stock held in certificate form may be transferred two different ways:
| 1) or 2) |
Deliver
certificate to your broker and request the desired number of shares be
transferred (instructions above) or deposited in the Foundation account. Send to St. Helena Hospital Foundation: unendorsed certificate(s) by certified mail stock power form(s), signed and signature guaranteed, by regular or certified mail (see Stock Power Form) -one for each security and class of stock -signed by both owners if certificate was issued jointly -with the transferee and other spaces left blank -mailed in separate envelope from certificate(s) to prevent unauthorized negotiation If certificate and stock power are not mailed on the same day, transfer date for gift purposes will be the later postmark date. |
We
discourage donors from having certificates reissued in the name of St.
Helena Hospital Foundation. It usually is not necessary and can be a lengthy
process, over which the donor has no control, and during which time stock
value can fluctuate.
To
be deductible at fair market value,
the donor must have held gifts of stock more than one year. The value of
stock gifts, for tax reporting purposes as well as Foundation gift
records, is the mean market value of the stock (i.e., mean between the
highest and lowest quoted selling prices, per IRS regs. 25.2512-2(b)(1) and
20.2031-2(b)(1)) on the date of transfer:
|
-wire transfers - the date the stock is actually
transferred from one account to the other -separately mailed certificates and stock power forms - the last postmark date (certificates issued in the name of the Foundation – the date of the certificate) -hand-delivered certificates and stock power forms – the date delivered to the Foundation |
Please notify
the Foundation of any special designation for your gift (for example, annual
support, capital support or endowment). Net proceeds from sale of the stock
will be directed to the purpose/fund you designate.
There are other considerations for mutual fund shares, restricted stock,
and stock options. Please contact the Foundation Office before making gift
arrangements for these types of assets.
St. Helena Hospital Foundation
10 Woodland Road
St. Helena, CA 94574
Tel: (707) 963-6208
Fax: (707) 967-5620
www.shhfoundation.org
EIN: 20-1384250
|
|
|
|
|
|
|