Many people would like to support the University through a gift of stock. If you transfer stock that has been held for more than a year and which has appreciated in value, the University can sell the stock and you will avoid any tax on the gain.*
If your stock has been held for more than a year and has decreased in value, it may be more advantageous for you to sell the stock and give cash to the University.*
Procedures for Gifts of Stock
Stock gifts can be made in several different ways. Due to the Securities and Exchange Commission (S.E.C.) regulation requirement for signature(s) to be Medallion guaranteed by an authorized officer of a participating brokerage firm or bank that is registered by the SEC, it is suggested that potential donors deliver stocks they may want to donate or sell on short notice to the Development Office so that stock can be readily moved in street name.
The following methods can be used for transferring stock to the University:
If a stock certificate is held in the name of the donor, the back of the certificate can be endorsed and dated, but NOT assigned to the University. The signature must be Medallion guaranteed by an authorized officer of a participating brokerage firm or a bank that is registered by the S.E.C.
If a stock certificate is held in the name of the donor and not endorsed on the back of the certificate then the donor must execute a Stock Power and have his or her signature Medallion guaranteed by an authorized officer of a participating brokerage firm of a bank that is registered by the S.E.C. When using the stock power, fill in only the signature(s) and the date at the bottom. Please deliver or mail the certificate(s) and stock power by certified mail to:
Office of Development
PO Box 1405
(If mailed, the certificates and the stock power should be sent separately for security purposes. The date of the gift will be the day the certificate is delivered to the University or, if mailed by U.S. mail only, the postmark date.)
If stock is held in street name in a brokerage account, you may instruct your broker in writing to contact the Development Office as listed below for instructions on disposal of the shares. A copy of your note to the broker should be sent to the University's Development office (and should include a reference to desired use of proceeds, if any.)
If giving Mutual Funds shares, you should work with your broker and/or the University to have shares re-registered in the University's name through the Mutual Funds.
The University provides professionals to assist you in planning your gift. Recognizing the highly private nature of such planning, all inquiries and communications are held in strictest confidence.