give stock

A contribution of long-term appreciated securities (that is, securities held by the donor for more than one year) to the MBL entitles the donor to an income tax charitable deduction equal to the fair market value of the securities at the time of the gift. The deduction is not limited to the donor’s cost basis (the amount the donor paid for the securities) thus providing the donor with an important tax benefit.  It also enables the donor to avoid capital gains tax on any appreciation in the value of those securities.


Procedures

In order to avoid unidentified gifts, please copy Sebastien Laye (fax to 508-289-7934 or e-mail development@mbl.edu) on any correspondence with your brokerage or bank.

Instruct your bank or broker to transfer the stock to the name of

 Marine Biological Laboratory
 Tax ID #04-2104690

The securities should be transferred to the MBL's account c/o:

Morgan Stanley Smith Barney
Attention:  Peter Renaghan
352 Main Street, Unit 5
Falmouth, MA 02540

Phone:    (508) 548-9939 or (800) 804-9614
FAX:        (508) 548-7838

Account:    #854-105124-001
D.T.C.        #0015


If the securities are held in your name and in certificate form:

Please send the unendorsed certificate(s) by first-class mail (or deliver personally) along with a letter of transmittal including your name, address, and any restrictions or designations for the gift to:    

Office of External Relations
Marine Biological Laboratory
7 MBL Street
Woods Hole, MA 02543-1015

Under separate cover, mail to the same address a stock power executed in blank (a bank or broker can supply stock powers) along with a copy of the transmittal letter.

It is preferable that you do not fill in the MBL’s name as transferee on either the stock certificates or the stock power.  If possible, please do not send the stock certificates to a transfer agent for transfer into the MBL’s name.

If the certificates are held by your bank or broker, you may instruct your bank or broker to deliver the securities to your or to the MBL External Affairs Office following the above procedures.

Connect With Us:

        

Copyright Marine Biological Laboratory