What can I give?
In addition to gifts made through check or credit card, gifts of real estate, personal property, equipment and other in-kind items may be made to Mount Sinai. Accepted gifts of tangible property will be counted at fair market value as determined by a qualified third-party appraiser, subject to applicable IRS rules and regulations.
Can I designate my gift?
Gifts to the President's Strategic Initiatives fund allow Mount Sinai the greatest flexibility to direct funds to the areas where they are most needed at the time of the gift. However, you may designate your gift for research in an area of your choice, educational programs, scholarships, patient care, or capital improvements.
How do I make a gift in memory of or in honor of a friend or loved one?
Tell us whom you wish to memorialize or honor when you make your gift. If you would like us to notify the person(s) or their family of your gift, please provide us with the appropriate contact information. Please note that we do not disclose gift amounts when notifying the honoree or family members and friends of the deceased that a gift has been made.
Below you will find suggested wording for your announcement:
In lieu of flowers, memorial contributions may be made to [DESIGNATION]. Please include “In memory of [NAME]” on your check or online gift.
Mount Sinai Development Office
One Gustave L. Levy Place, Box 1049
New York, NY 10029
How is my gift recognized?
Recognition is customized for each donor. Naming opportunities for scholarships, endowed funds, facilities, faculty recruitment, and unrestricted support are available for gifts of $50,000 or more. Named facilities are generally recognized with a commemorative plaque, while programs that are named are recognized in appropriate departmental and Medical Center publications. We welcome the opportunity to help you choose or create a unique naming gift that is meaningful to you, and that will have a significant impact on Mount Sinai's ability to continue its outstanding research, education, and patient care. For more information, please contact the Office of Development at 212-659-8500.
What is an endowment fund?
An endowment fund is a permanent, self-sustaining source of funding established with a gift of $50,000 or more. Endowment assets are invested, and each year a portion of the earnings is paid out for the purpose of the fund and the rest is used to build the fund's market value. In this way, an endowment fund can grow and can provide support for its designated purpose in perpetuity. When you establish an endowment fund, you create a permanent legacy of support for Mount Sinai.
What are the tax benefits of making a contribution?
Both the Icahn School of Medicine at Mount Sinai and The Mount Sinai Hospital are exempt under section 501(c)(3) of the Internal Revenue Code. Any gift for which you do not receive goods or services is fully tax-deductible. Giving appreciated securities that you have owned for more than a year entitles you to capital gains tax savings, and selling depreciated securities entitles you to claim capital loss. Since the tax benefits of different types of gifts can vary, we urge you to consult your financial and legal advisors for specific tax information.
Icahn School of Medicine at Mount Sinai’s Federal Identification Number is 13-6171197 and The Mount Sinai Hospital’s Federal Identification Number is 13-1624096.
Can I donate medical supplies?
Donated medical supplies must be in the original packaging and must have a complete description of the items, including the manufacturer’s name and catalog number. Please note that we cannot accept opened boxes of medical supplies nor used items.
Gift of Securities
Mount Sinai welcomes contributions of appreciated securities, such as stocks and mutual fund shares. To learn more about gifts of appreciated securities, please email or call the Mount Sinai Office of Development at 212-659-8500.