Stocks and Bonds
Gifts of stocks and bonds are coordinated by University Advancement Services. The University will direct proceeds from the sale of these assets to any school or program you wish.
Securities Gift Transfer Instructions
Electronic transfer is the easiest method when a donor maintains holdings in a brokered account.
For DTC Eligible Securities (Common Stock and Mutual Fund Shares):
Clearing Broker: Pershing LLC
DTC Participant: # 0443
Account Number: N7M-001327
Credit: University of Virginia Gift Account
Reference: [Donor’s Name]
If you are interested in sending physical securities certificates, please contact University Advancement Services before attempting to send any stock power or certificates.
Appreciated Securities
If your investments in the financial markets have been successful, you can use these assets without losing a substantial portion of your earnings to the capital gains tax by making your gift with appreciated stock. Also, a gift of stock held more than one year may qualify for a charitable income tax deduction equal to the securities’ full fair-market value. It is also possible to make a gift with appreciated securities in a mutual fund.
Advantages of a Gift of Appreciated Stock*
| Gift of Assets | Selling Assets for Gift Proceeds | Gift of Cash | |
| Assets’ Fair-Market Value | $25,000 | $25,000 | $25,000 |
| Cost Basis | $15,000 | $15,000 | $25,000 |
| Capital Gains Tax (at 15%) | $0 | $1,500 | $0 |
| Charitable Gift (value of income tax deductions) | $25,000 | $23,500 | $25,000 |
| Income Tax Savings (at 35%) | $8,750 | $8,225 | $8,750 |
| Out-of-pocket Cost of Gift | $6,250 | $8,275 | $16,250 |
*Assuming maximum tax rates apply.
The Cornerstone Society recognizes those who are honoring the University’s future through planned gifts, including bequests, beneficiary designations, charitable gift annuities, and charitable trusts.
The University of Virginia Darden School Foundation does not provide legal or tax advice. We recommend that you seek your own legal and tax advice in connection with gift and planning matters. To ensure compliance with specific IRS requirements, we disclose to you that this communication (including any attachments) is not intended or written to be used and cannot be used for the purpose of avoiding tax-related penalties.