Virtual visits now available. You may be able to schedule a virtual visit with your provider. For more information, call your doctor’s office.
Covenant Health is an innovative, Catholic regional delivery network and a leader in values based, not-for-profit health and elder care. We sponsor hospitals, nursing homes, assisted living residences and other health and elder care organizations throughout New England.

Gifts of Securities

Appreciated, Depreciated and Closely-held Stock

Use gifts of securities to enhance your giving. The IRS still allows a substantial tax break for individuals considering giving a gift of securities.

  • Appreciated stocks—Donors may deduct the full, fair market value of appreciated assets given to St. Mary's Health System with no recognition of capital gains. This means that donors can leverage a large donation and charitable deduction using an asset with a small cost basis. We must receive the actual stock for you to benefit from the tax advantages.
  • Closely-held stock—Stock that is not publicly traded can also be used as a charitable gift even if you wish to maintain a controlling position in the stock. 
  • Depreciated stocks—By selling securities worth less than their purchase price, you may claim a capital loss on your income tax. The proceeds of the stock sale can then be donated to St. Mary's Health System.
St. Mary's Health System • 93 Campus Avenue • Lewiston, ME 04240