Making a gift of appreciated securities lets you support VIM’s work while realizing important benefits for yourself. You can reduce or even eliminate federal capital gains taxes on the donation of appreciated securities or mutual funds you have held more than one year. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.

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Electronic Transfer Instructions

Your bank or broker will require written instructions from you in order to initiate the transfer, including the following information:

RBC Wealth Management
DTC #: 0235
Account #: 31660891, Volunteers in Medicine Berkshires, Inc.
VIM Federal Tax ID: 90-0140004
Name of securities
Number of shares to be gifted

Retirement Plan Assets

A gift to Volunteers in Medicine Berkshires using your IRA and other qualified retirement plan assets can deliver meaningful tax advantages. For example, if you are 70½ years old or older, you can give any amount up to $100,000 per year from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. Distributions to heirs from these assets to are usually subject to income and applicable estate taxes.

Gifts from these assets also count toward your required minimum distribution, making them completely tax-free. And it’s easy to do. Just call your IRA administrator to make the transfer.