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Gift of Securities
Gifts of securities often confer significant tax benefits on the donor. For example, contributions of appreciated securities held for over a year are generally deductible at market value, regardless of what the donor paid for the securities. In addition, the capital gain tax is avoided through such gift. |
How to Notify St. Thomas on a Gift of Securities
It is important for us to know the identity of the donors of all securities gifts in order to give prompt and accurate credit for all gifts received. Particularly in the case of an electronic transfer, it is often very difficult to obtain this information after the transaction is processed. Therefore, in addition to instructing your broker to include your name and address in the DTC transfer instructions, please contact the Director of Information Resources by e-mail, phone or letter to inform the University of the securities being gifted. In your notification, please provide donor name, address and phone number, the name and type of security being given (public, private, restricted), the number of shares and the date you intend to make the gift. |
Valuation of Stock Gift
The value of stock is calculated by averaging the high and low quoted selling price for the stock as of the gift valuation date. |
Acknowledgement of Stock Gift
Once the stock gift has been received and recorded in the donor’s record, a letter of acknowledgement and a receipt will be mailed to the donor from the Office of Institutional Advancement. |
Transfer Methods and Instructions
For more information contact the Director of Information Resources:
Office of Institutional Advancement
3800 Montrose Blvd.
Houston, TX 77006
Phone: 713-942-3415
Fax: 713-525-3101
Email: esfandr@stthom.edu |
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