Stocks, Bonds and Mutual Funds

Gifts of stock and mutual funds are a tax-efficient method of making charitable contributions. You receive an income tax deduction to the extent allowed by law for the fair market value of your stock on the date of your gift. This allows you to bypass all capital gains taxes that would have been due if you sold the stock first.

There are two ways to make a gift of stock to Seton:

  1. Electronic transfer
  2. Physical delivery of stock certificates.

IMPORTANT: Please note that in order for your gift to be acknowledged and to receive a tax receipt from Seton, these steps must be followed:

Electronic Transfer
1.  IMPORTANT* Please fax the following information to the Seton Fund, 512-324-1989, regarding your gift of stock:
a) name of the stock(s)
b) number of shares
c) date of your transfer instructions to your broker
d) name of your broker and contact information
e) whether your gift is designated to a Seton facility or special program within the Seton Healthcare Family.

2.  Provide written instructions for your broker to make a transfer to the Seton Fund specifying the name of the stock and the number of shares to be transferred. If you inform the broker verbally, it is advisable to follow up in writing.

3.  Your broker will need the following routing information to transfer stock into the Seton Fund account:

DTC #5198
For Banc of America Investment Services, Inc. c/o Merrill Lynch
For further transfer to the account of the Seton Fund of Daughters of Charity
Account #8CF02027
Tax ID#74-2212968

Stock Certificate Transfers
Please contact the Seton Fund at (512) 324-1990 for instructions regarding gifts of physical stock certificates.

Stock Valuation
1.  The date of your gift is considered to be the date on which your electronic transfer is received into the Seton Fund account, the date on which you deliver your certificates and stock powers to the Seton Fund, or the postmark date (if mailed).

2.  The tax-deductible value of your gift is the sum of the high and low prices on the date of your gift divided by two, multiplied by the number of shares given.

For further information, please contact Bryan Rubio, Director of Planned Giving, at (512) 324-1990 or by e-mail at Bryan Rubio.