Donating Stock or Appreciated Securities

Transferring stock is an excellent way to support Fred Hutchinson Cancer Research Center’s lifesaving mission.

A gift of securities may provide significant benefits, such as:

• Increased value for your gift to the Hutchinson Center and decreased cost to you.
• 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 had sold the appreciated securities on the open market and donated the proceeds of the sale to the Center (if the securities are held for more than one year).
• Direct your gift to the general fund or a specific area of research.
• Fund a lifetime income arrangement such as a charitable gift annuity.

How to Make a Stock Transfer    

• Inform your broker in writing that you wish to give appreciated securities to Fred Hutchinson Cancer Research Center. View the sample letter with stock transfer instructions to provide specific information regarding the securities you are donating.
• Let us know that you have initiated a transfer of securities to the Hutchinson Center's account by contacting Rachel Shaw at rshaw@fhcrc.org  or (206) 667-5808, (800).279-1618 ext. 5808. Provide your name to our staff, so that we can give you the proper tax receipt as well as acknowledge your gift.
• The value of your gift will be calculated by using the mean value of each share on the date the shares arrive in our brokerage or mutual fund account. Our preferred broker is Pershing LLC.
• If you are concerned about the timing of your gift, please be sure to work closely with your broker or mutual fund company to ensure that the shares are transferred in a timely manner.

Mutual Fund Transfer   

Mutual funds usually take a little longer to transfer, as each mutual fund company has its own requirements for making charitable contributions. Allow at least one month for the transfer.

For more information, contact:

Rachel Shaw
rshaw@fhcrc.org
(206) 667-5808 or (800) 279-1618 ext. 5808