Pledges/Gifts of Stock
Pledges
It is possible to pledge gifts to the Foundation over a specified period. Pledge gifts may be charged to a credit card, or the Foundation can send friendly reminders of pledge payment due dates so that donors can pay by check. As with all other gifts to the Foundation, donors may choose what program or area their gift will support and even elect to make the pledge in honor or memory of someone special.
Gifts of Stock
Lakeland Regional Medical Center Foundation accepts gifts of marketable securities, including those readily traded on national or regional stock exchanges, as well as closely held securities from private or family-owned businesses. It is the policy of the Foundation to sell all securities as soon as they are received.
Transferring a highly appreciated stock to a charitable organization provides the donor with the opportunity to make a significant charitable gift as well as receive a tax benefit. It is important for the donor to transfer the stock to the charity and not sell the stock first and then transfer the proceeds. Selling the stock first will make the donor liable for the capital gains taxes.
For Stock Held In The Donor’s Brokerage Account
The LRMC Foundation maintains a brokerage account and stock transfers can be made directly to that account by your broker. For the DCT and account numbers, please contact the Foundation at (863) 687-1296.
For Securities Physically Held By The Donor
The certificates can be sent by registered mail. The donor should sign a stock power for each certificate, and then send the stock power separately to ensure against fraud if the envelope is lost. Of course, stock can be personally delivered to our office at 129 S. Kentucky Avenue, Suite 600, Lakeland, FL. A stock power for each certificate is required for personally delivered stock, too.
What stocks make the best gifts?
- Highly appreciated stocks
- Stocks paying low dividends
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