Stock Gifts and Donations

The advantage of a stock donation is that you – the donor – avoid paying capital gains tax on the market value appreciation of the shares. This tax benefit can reduce the cost of the gift when long or mid-term appreciated stock is donated.

How to Transfer Stock Electronically That is Held in a Brokerage Account

Transferring shares electronically via DTC (Digital Transport Communications) is the easiest way to give stock. Instruct your broker to transfer the shares to Mills-Peninsula Hospital Foundation. Our brokerage account is set up with:

Merrill Lynch & Company
101 S. Ellsworth Avenue 4th Floor
San Mateo, CA 94401 

Your broker will need to know the following: 

Account Number: 632-04018 Mills-Peninsula Hospital Foundation
DTC Number: 8862
Merrill Lynch Contact: Jason Ting
Contact Phone Number: (650) 579-3040 

We’ll use the date the shares enter our account as the gift date and credit you with the market value for that date for your tax purposes. Since shares may be transferred without some information, including your name, please contact us at (650) 696-5990 to let us know the gift is in process.

How to Donate a Stock Certificate That is in Your Possession via Mail

Do not sign the certificates. Send them via registered mail to: 

Attn: Jason Ting
Merrill Lynch & Company
101 S Ellsworth Avenue, 4th Floor
San Mateo, CA 94401 

For each certificate, you must provide a signed stock power. Please send the document to the address above in a separate envelope. This is important for security reasons. Do not fill in any information on the stock power. Simply sign the document; the Foundation’s broker will complete the document. 

The name on the signature line of the stock power must be identical to the owner’s name on the stock certificate. Please attach a cover letter advising Merrill Lynch that you are donating it to the Foundation and indicate the purpose of the gift. The cover letter should include: 

Mills-Peninsula Hospital Foundation
Account Number: 632-04018
1501 Trousdale Drive
Burlingame, CA 94010