Gifts of securities may offer significant tax benefits to the donor. Contributions of appreciated securities held for over a year are generally tax deductible at market value, regardless of what the donor paid for the securities. This may provide the donor with a capital gains savings as well as a charitable income tax deduction.

The transfer of securities from a donor’s brokerage account to Northern Michigan Regional Hospital Foundation is accomplished via the Depository Trust Company (DTC). To perform this transfer, simply notify your broker of the securities to be gifted and provide the following transfer information: