Stocks/Bonds/Mutual Funds

Unlock the Power of Your Appreciated Assets

Gifts of publicly traded stocks, bonds, or mutual fund shares can yield a wealth of potential benefits for you and the Center. With this type of gift you can:

  • Eliminate capital gains taxes on the securities you donate—if you've held them for more than one year.
  • Receive a federal income tax charitable deduction based on the current fair market value of the securities on the date of the gift, depending on your tax situation.
  • Provide valuable support to the Center's patient care, research, and educational programs.
  • Enjoy membership and special benefits as part of the Cullum Society.

 

Options to Consider
Appreciated securities are among the most versatile and economical assets to donate.

  1. Life Income Gift. Use appreciated securities to fund a charitable trust or gift annuity, which can provide you, your spouse, or other beneficiaries annual income for life.
  2. Stock vs. Cash Gifts. The chart below shows how the way you make your donation can affect your potential benefits and gift amount. (The example assumes you are in a 28 percent federal income tax bracket.)

 

$25,000 Given Three Ways
Which Benefits You—and the Center—More?
  Give $25,000 Cash to the Center Sell $25,000 in Appreciated Securities and Give Cash to the Center Give $25,000 in Appreciated Securities Directly to the Center
Fair market value of gift $25,000 $25,000 $25,000
Cost basis of property N/A $5,000 $5,000
Long-term capital gain of property N/A $20,000 $20,000
Long-term capital gains tax
($20,000 x 15%)
N/A ($3,000) due to IRS $3,000 eliminated
Income tax savings
($25,000 x 28%)
$7,000 $7,000 $7,000
Total tax savings
(capital gains tax + income tax savings)
$7,000 $4,000 $10,000
Net cost of gift
(fair market value of gift – total tax savings)
$18,000 $21,000 $15,000

 

Guidelines

  • The income tax deduction for appreciated securities you've held for more than one year is limited to 30 percent of your adjusted gross income in the year you make the gift, but your excess deduction is deductible for up to five additional years.
  • Your securities will be valued on the date they become the Center's property. The value of your gift is the average of the high and low selling prices on the date they are credited to the Center's account.

 

Next Steps

  1. Request transfer instructions on making a gift of stocks, bonds, or mutual funds from our Office of Planned Giving staff. Toll free: 800-688-1827
    E-mail: plannedgiving@mskcc.org
  2. Seek the counsel of your financial or legal advisor or attorney.
  3. Please use our legal name, address, and Federal Tax ID if incorporating the Center into your plans:

Legal Name

Memorial Sloan Kettering Cancer Center
1275 York Avenue, New York, NY 10065

Federal Tax ID #

13-1924236

Contact Us

Our staff is available to help, in confidence and without obligation.

Toll free: 800-688-1827
E-mail: plannedgiving@mskcc.org

If you have included MSK in your estate plans, please let us know.