Stock and Real Property
General Rules
You should only give securities or other assets that have appreciated. The securities need to qualify as long-term capital gains. To qualify as a long-term capital gain, an asset has to be owned for at least one year and one day.
Your securities must be given directly to MedSend.You can claim a charitable deduction of up to 30% of your adjusted gross income. Any unused deductions can be carried forward over the next five years.
Gifts of other types of property such as Real Estate can be very beneficial tax-wise. You should contact your financial adviser before giving other types of property.
What are the benefits of giving appreciated assets?
- You receive a charitable income tax deduction.
- You avoid potential capital gains taxes.
- You can lower estate taxes.
- Tax savings will enable you to help more medical missionaries go to places in the world where they are so badly needed.
How do I transfer securities to MedSend?
Electronic transfer: You instruct your broker to electronically transfer your shares to MedSend.
Transfer instructions: Instruct your broker to transfer shares from your account to the MedSend account
Brokerage firm: Fidelity Investments
Account number: Z49-136328
DTC number: 0226
Name on the account: Project Medsend
As soon as the transfer has taken place you should notify us via email at diane@medsend.org. Please include your name, the name of the stock, the number of shares and the date of transfer.
OR
2) You can transfer the certificate to MedSend by printing and completing two forms, the Stock Power form and the Security Waiver form. Please click here and request the forms. We will gladly send you both forms.
Giving Mutual Funds
Since most mutual fund companies require MedSend to have an account with them in order to effect a transfer. Click here and we will gladly follow up and walk you through the transfer process.