Gifts of Stock

How to Make a Gift - Securities

The best stocks to donate are those that increased greatly in value, particularly those producing a low yield. If you sell appreciated assets held for more than one year, your gains are subject to a long-term capital gains tax - unless you donate them to a tax-exempt organization like The Foundation for Ellis Medicine.

Stock held by a Bank or Brokerage Firm

If the stock is held by a bank or brokerage firm notify the Foundation Office of your stock gift intention by calling 518.243.4600. The Foundation Office will provide you with the Foundation's account number and DTC number for our investment firm to relay to your banker or broker.

To ensure that the transaction is processed in a timely and efficient manner, it is important that you provide the name and telephone number of your bank or broker, a description of the stock (company, number of shares, and estimated value), and the anticipated date and desired purpose of the gift.

Donations of GE Securities

The Foundation for Ellis Medicine has an account through which GE employees and retirees may directly transfer stock from their GE account to the Ellis Hospital Foundation.

GE employees and retirees also may transfer stock through the Bank of New York as Agent for the General Electric Company. To do so, you must provide The Foundation for Ellis Medicine with the proper forms for this transaction for completion prior to the stock transfer. The Foundation will receive a mail notice from the Bank of New York informing us of the stock transfer.  Learn more...

Donations of Stock held in Certificate Form

You may present stock certificates to the Foundation Office either by mail or in person. Upon receipt, the Foundation will ask you to sign a letter of authorization.