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Gifts of Stock

Outright gifts of appreciated securities (stocks, bonds, or mutual shares) are tax-deductible at full fair-market value if the donor has owned the asset for at least 12 months. To avoid capital gains taxes, you must transfer the ownership of the securities to the NECHV brokerage account.

Gifts of closely held stock (usually stock in a family-owned business) also carry benefits for the donor. The stock must have been held for at least 12 months for you to claim a charitable deduction at full fair-market value.

The New England Center and Home for Veterans is a private not-for-profit organization which was founded under the name Vietnam Veterans Workshop, Inc.

Giving Stocks through Electronic Transfer

Electronic transfer is easy, and preferred. Please instruct your broker to transfer the stocks to the Center’s account. The Center will immediately sell the stocks and credit you with a charitable contribution in accordance with IRS rules, the average stock price of the day of the gift. Transfers can be made to:

Morgan Stanley Smith Barney
ABA #: 021100081
DTC #: 0015
Account Name: Vietnam Veterans Workshop, Inc.
Account #: 785-224266-301

Please notify Charlene Pontbriand, Senior Vice President, Advancement, at charlene.pontbriand@nechv.org or 617-371-1704 either immediately before or after the transfer so we can advise our broker of the gift and sell the shares accordingly.

Physical Transfer of Shares

If you prefer a physical transfer of shares, please call and we will coordinate the transfer with you.

New England Center and Home for Veterans Contact:

Charlene F. Pontbriand
Senior Vice President, Advancement
NECHV
17 Court Street
Boston, MA 02108
617-371-1704
charlene.pontbriand@nechv.org

IRA Transfers

If you are 70 years of age or older, you can make a gift directly from your IRA to NECHV and it will count toward your minimum required distribution.

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