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Stock Gifts

Gifts of stock - especially long-term appreciated stocks - support our mission, while providing significant tax benefits for the donor.

  • Reduce or avoid paying capital gains tax
  • Receive a charitable income tax deduction equal to the fair market value of the stock if it has been held for more than a year.
  • Rebalance your investment portfolio
  • Electronic transfer from your bank or broker is easy!

How to Donate Stock

If the securities are held by your bank or broker, we recommend an electronic transfer via the Depository Trust Company (DTC) system. Give your bank or broker the following instructions.

Charles Schwab & Company
DTC# 0164, Code 40
Patten and Patten, Inc.
For Credit to Account: Schwab a/c 6121-7112
Account Name: Erlanger Health System Foundations (Tax ID 58-1664027)
Attention: Stephanie Young
Fax: 423-267-0009

Stock is very often received by our broker without the donor's idendity. Please instruct your stockbroker or agent to notify Sharon Love at Erlanger Health System Foundations of the date of the transfer and all details of the gift of securities to insure that your instructions are carried out in a timely manner. Failure to provide this additional information may cause a delay in recognizing you as a donor.