Gifts of Securities
Saint Luke Institute welcomes gifts of marketable securities, which also can provide a tax benefit
to you. Your charitable income tax deduction will be based on the fair market value of the securities on the date of transfer. You do not incur a tax on any unrealized capital gain and avoid the capital gains tax that would have been due had you sold the securities yourself. Please consult your tax adviser.
Gifts of stock may be electronically transferred to the Saint Luke Institute account at Capital One, DTC# 0443, account JZ-1052367, using this Stock Transfer Form.
Gifts of Property
Saint Luke Institute accepts donations of property, such as real estate, antiques, fine arts, collections (such as stamps) and other items. We will seek to convert them to cash promptly.
Gifts of property have the same tax benefit as gifts of marketable securities. Your charitable income tax deduction will be based on the fair market value of the property on the date of transfer and you will not have to pay tax on any unrealized capital gain.
Saint Luke Institute cannot, and will not, assign a value to gifts of property and will only acknowledge on IRS Form 8283 that the property described has been received. You, as the donor, are responsible for determining the value of the property. Please consult your tax adviser.