Donate only long-term holdings, which the IRS defines as being held for 12 months or longer, the tax receipt Northern Manhattan Improvement Corporation sends you upon receiving the donation, and a dated letter from your broker spelling out how many shares were donated to us.

In order to realize the greatest possible tax savings, if you acquired a block of shares over time at different prices, be sure to donate the ones that you acquired at the lowest cost. Those shares contain the biggest amount of locked-in capital gain that you can avoid getting taxed on.

To donate a stock gift, please contact:

Bill Fink
Phone: 212-822-8300, ext. 368

Email: billfink@nmic.org.

For more information about donated stock please see IRS Information Letter 2001-0277 http://www.irs.gov/pub/irs-wd/01-0277.pdf