Stocks and Securities

A gift of stock may provide more benefits than a cash gift. By eliminating the capital gains tax that would be due upon selling the stock, you receive tangible tax savings and benefits while also supporting the mission of Hennepin Healthcare. 

A gift of stock may be right for you if: 

  1. You are holding stock that has risen in value. If your stocks are highly appreciated, you may find yourself with a tax bill when it comes time to sell. By donating securities, you can avoid the capital gains tax on any of the paper profit.
  2. You would like to maximize your deduction while not affecting your liquidity. If you decide to make a gift of stock, you not only retain your cash assets, you also receive a charitable tax deduction for the full fair market value of the stock that you've owned for more than one year.

How to make a stock donation transfer

If you will be transferring stocks or bonds to Hennepin Healthcare Foundation, please instruct your broker, trust officer, or financial advisor to electronically deliver the securities DTC:

Charles Schwab 
Account Number: 4969-4985

Hennepin Health Foundation Corporate Account
701 Park Avenue
Minneapolis MN 55415-1623

DTC Number: 0164, Code 40
Tax ID: 41-0845733
 

If you are working with a Hennepin Healthcare Foundation development officer, please let them know that you will be transferring stock.  If you are not working with an HHF development officer, please contact:

Youa Vang: 612-873-9129
HHF Office: 612-873-6090

Please include the following information:

  1. Your name, address, and phone number (for receipting purposes)
  2. Name(s) of the security(ies) begin transferred
  3. Number of shares (stock) or face value amounts (bonds)
  4. Approximate current market value of the securities
  5. The name, address, and phone number of your advisor
  6. The program you wish to impact with your generosity, or if unrestricted.


The official value of your gift will be the average high and low quotes on the day the securities are recorded in the Foundation account. Normally, a transfer will take place within one to two business days, but it may take longer at calendar year-end.  A receipt will be prepared and mailed to you within a few days following the delivery of the security (ies).

Thank you for your generosity!