Gifts of appreciated securities (stocks, bonds, or mutual funds held for more than one year) are excellent ways to support the Martin House. Such gifts are easy to make and may provide a greater tax benefit than an equivalent gift in cash.
A gift of stock owned for more than one year may entitle you to an income-tax charitable deduction for the full fair-market value of the donated asset. If the stock has appreciated, you also avoid any capital-gains tax on the appreciation.
Transferring Stock: Gifts of stock to the Martin House via DTC should be transferred to M&T Bank Account #AZD765816 and reference DTC#0443 / Pershing, LLC.
In order to promptly and accurately credit a security gift to the appropriate donor, please let us know if a transfer is occurring.