Donations of Securities

Giving appreciated assets is one of the most tax-efficient ways to make charitable donations. We process securities from any U.S. investment firm.

Making a gift of stock is easy and may offer a number of financial benefits. Speak to your financial advisor to see which of these benefits apply to you:

  • A federal income tax charitable deduction if you file an itemized return.
  • A deduction for the securities' full fair market value if they have been held 12 months or longer.
  • Elimination of capital gains tax.
  • If you hold securities that have declined in value, consider selling them and then donating the cash proceeds to the Foundation. In this way, you establish a tax loss and claim an income tax charitable deduction for the cash gift. If you are considering this giving option, please contact us so that we may provide you with any additional information you may need before contacting your brokerage or tax advisor.

Stock Transfer Instructions

To transfer stock directly from your brokerage account to The Valley Hospital Foundation, please do the following:

Notify your broker, in writing, of your intentions. Send a copy of this correspondence or call The Valley Hospital Foundation, to notify us of your intentions.

Have your broker transfer the shares of stock to:

DTC#0226 National Financial Services, LLC (NFS)
AC# R72027040
The Valley Hospital Foundation

Frank J. Petrocelli, III

Fortis Lux Financial

120 White Plains Road

Suite 601

Tarrytown, NY 10591



Please Note: The donor’s name does not appear when stock is transferred electronically. Please send our office a copy of the transfer instructions to your broker, or call our office and let us know what stock and how many shares to expect. This will ensure that your gift is properly recorded in a timely manner.

Please call The Valley Hospital Foundation at 201-291-6300 if you have any questions.

Thank you for your gift!