GRMC gratefully accepts gifts of appreciated securities. By giving securities or other appreciated assets, you can maximize the size of your charitable gifts, conserve cash you would have given, and enjoy multiple tax benefits.
By donating appreciated assets to a charitable organization, you receive a charitable tax deduction based on the current market value of the gift and avoid tax on any capital gains (certain tax rules apply for gifts of assets that are not securities). The charitable recipient sells the asset, realizes the full market value, and avoids any capital gains tax.
As with any type of gift to GRMC, you can direct your contributions to the purpose you designate.
To process a gift of this nature, please contact the development office before selling the asset.
Stock Transfer Instructions
To transfer stock directly from your brokerage account to GRMC, please do the following:
Notify your broker in writing of your intentions. Send a copy of this correspondence or call the Office of Communications and Development. This is important because the donor’s name does not appear when stock is transferred electronically. Notification will ensure that your gift is properly recorded in a timely matter and that we will know how you would like us to put your generosity to work.
Have your broker transfer the shares of stock to:
Account #: 1540-3028
Tax ID #: 42-09-333-83
Clearing Firm: First Clearing
Brokerage Firm: IBA Securities
Client Name: Grinnell Regional Medical Center
c/o Grinnell State Bank
814 4th Avenue
Grinnell, Iowa 50112