Transferring stock or securities is an excellent way to support the life-saving mission of Howard Brown Health Center, and provides significant benefits such as:
- A charitable income tax deduction for the fair market value of the gifted securities.
- Elimination of capital gains tax that would ordinarily become due if you sell the appreciated securities on the open market and donated the proceeds of the sale to Howard Brown.
To make a gift of stock or securities:
1. Please notify our development team in advance of stock transfers so that we can instruct our broker to accept your gift, track it and acknowledge it properly for income tax purposes. You may email or fax to:
Howard Brown Health Center
Attn: Willard Dumas
4025 North Sherdian Road
Chicago, IL 60613
2. Instruct your broker that you would like to make a stock gift to Howard Brown Health Center. Provide your broker with the following information.
Broker: Merrill Lynch
Attn: Marcus Boggs
Account Name: Howard Brown Health Center
Account Number: 7DQ-02154