Stocks and Securities

Gifts of Stocks or Securities

The BMI is pleased to accept gifts of publicly traded securities as donations. You can claim a charitable deduction for the full market value of the securities on the date that the gift is made, while paying no capital gains tax on its appreciation. The museum benefits by receiving the full value of the gift.

Instructions:
Donors may make a gift of stock by advising their financial representative to contact the firm below with the instructions for the transfer.

Donors making stock gifts receive a tax deduction based on the mean value on the date of transfer to the BMI.

Stock Transfer Instructions for any securities transferable to Baltimore Museum of Industry [BMI]

Your broker will need the following information about the BMI:

Legal Name: Baltimore Museum of Industry, Inc.
Clearing Firm: LPL Financial LLC
Location: Buffalo, New York
Contact: M&T Financial Services Inc.
Account Number: 4330-00569
DTC Number: 0075
Phone Number: 410-318-6841

Your broker will send notification of the transfer to the BMI. Please ask your broker to include the following:

  • Number of shares being transferred
  • Name of securities being transferred
  • Brokerage firm making the transfer


 

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