Gifts of appreciated securities can have an immediate impact on ELIH—and may also provide you with significant tax benefits.
How it works
- You transfer securities to Eastern Long Island Hospital.
- Eastern Long Island Hospital sells your securities and uses the proceeds for its programs.
Benefits
You receive gift credit and an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.
- You pay no capital gains tax on the securities you donate.
- You can direct your gift to a specific fund or purpose.
- You have the satisfaction of making a significant gift now or funding a life-income gift that benefits ELIH later.