Gifts of Stock
The advantage of a stock donation is that you, the donor, avoid paying capital gains tax on the market value appreciation of the shares. This tax benefit can reduce the cost of the gift when long or mid-term appreciated stock is donated.
How to transfer stock that’s held in a brokerage account electronically
Transferring shares electronically via DTC (Digital Transport Communications) is the easiest way to give stock. Instruct your broker to transfer the shares to Palo Alto Medical Foundation. Our brokerage account is set up with: Morgan Stanley Smith Barney’s Palo Alto office.
Our broker is Thomas P. Simmons, Senior Vice President.
Please feel free to call Tom at Morgan Stanley Smith Barney’s Palo Alto office. His phone number is 650-853-4004 and his fax number is 650-853-4050. Alternatively, you can call Staci Smith at PAMF, at 650-853-2122 if you have any questions or require assistance.
Your broker will need to know the following DTC/Account Numbers:
The Palo Alto Division – 0015/112-097915-152
The Research Institute – 0015/112-097906-152
The Camino Division – 0015/112-016010-152
The Santa Cruz Division – 0015/112-035847-152
We’ll use the date the shares enter our account as the gift date and credit you with the mean trading value on the date of the gift. Since shares may be transferred without some information, including your name, please contact us at 650-853-4808 to let us know the gift is in process.
We appreciate and value gifts of securities and the role our donors, advisers and brokers play in receiving those gifts.