Gifts of Stock or Mutual Funds

A stock gift is truly an investment that pays its dividends in giving children healthier futures. Your gift of stock or appreciated securities can provide much-needed support for patient care, biomedical research, or health and education initiatives at Nemours, while at the same time offering significant tax benefits to you.

Benefits To You

  • You receive an income tax charitable deduction for the fair market value of the appreciated securities that you have held long-term (longer than one year) on the date of transfer.
  • 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 Nemours later.

You transfer stocks or securities to Nemours, then Nemours sells your stocks or securities and uses the proceeds for its programs. The Nemours Fund for Children's Health appreciates your generosity in support of children's health.

Instructions for Donating Stock

Contact the Nemours Fund For Children's Health

Call your local Fund for Children's Health Office

(302) 651-4828 or (888) 494-5251 (Delaware Valley)
(904) 697-4103 (Jacksonville)
(407) 650-7050 (Central Florida)
(850) 503-2781 (Pensacola)

Provide the following information:

  • your name
  • designation of gift: the area of the organization that you want your gift to benefit
  • name and phone number of your broker
  • name of stock being transferred and the number of shares

Contact Your Broker
Instruct your broker to transfer stock to:  The Northern Trust Company via DTC #2669 to Account #26-25255 for credit to Nemours.

Northern Trust Contacts


Primary Contact

 
  Secondary Contact

Yudan Zhou
2nd Vice President | Not-For-Profit Senior Client Service Manager
The Northern Trust Company
333 S. Wabash, WB-42
Chicago, Illinois 60603
312-557-9342 ph
312-557-2673 fax
yz10@ntrs.com

 

Bob Johnson
Senior Vice President | Not-For-Profit Client Executive
The Northern Trust Company
333 S. Wabash, WB-42
Chicago, Illinois 60604
312-630-8091 (phone)
312-557-2673 (fax)
RTJ@ntrs.com

Instructions for Donating Mutual Funds

These procedures typically take from two to four weeks to complete. We urge donors to allow ample time to complete a charitable gift of mutual fund shares. This is particularly important for gifts made at year end. We recommend beginning the transfer in November to ensure completion prior to December 31.

The donor should contact their account representative at the mutual fund company to ask about the process of making a gift of mutual fund shares. Specifically, the donor will want to know whether the mutual fund company has a required form or instructions to initiate the transfer, and whether those instructions will require a medallion signature guarantee.

The donor should notify the Nemours Fund for Children’s Health (contact info at the bottom of the page) of their interest in making a gift of mutual fund shares.  Please provide the following information:

  • Donor Name
  • Donor Phone #
  • Mutual Fund Name
  • Mutual Fund Ticker
  • Number of Shares
  • Donor’s custodian/broker/bank Name
  • Account # at custodian/broker/bank
  • Contact # at custodian/broker/bank

By their nature, mutual funds generally are transferred through a change of ownership on the issuer’s books.  Unlike regular stock gifts, they cannot be transferred through the DTC system. Northern Trust will open a temporary account with the mutual fund company in Nemours’ name in order to accept the gift and complete the re-registration process. 

With the information provided in step 2, Nemours will send a Mutual Fund Donation Direction Letter to Northern Trust who will complete the shell account setups and provide the delivery instructions to us to pass along to the donor. In the event the donor’s bank reaches out to Northern Trust directly, they will send the delivery instructions to them after they complete the initial setups.

Once we confirm with the donor that a new account is being established for the purpose of accepting the gift, then and only then should the donor instruct the mutual fund company to transfer the shares to our account.

Nemours Fund for Children's Health Contacts


Primary Contact

 


Secondary Contact:

Cathy Allen
Assistant Director, Advancement Svcs.

302-588-6597 mobile ph

302 -651-4487 fax

catherine.allen@nemours.org

 

Amber Combs
Assistant Director, Advancement Svcs.

302-298-7559 ph

302 -651-4487 fax amber.combs@nemours.org


Download PDF Version of These Instructions »

 

Prefer to Mail Donation?

Download a printable donation form (PDF)


Give from Your Donor Advised Fund

A donor-advised fund (DAF) is a centralized charitable account. It allows charitably inclined individuals, families, and businesses to make tax-deductible charitable donations of cash, publicly-traded stock, and, in some cases, certain illiquid assets, to a public charity. 

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