Stocks and Bonds
Gifts of stocks and mutual funds are coordinated by UVA Gift Processing Services. The University will direct proceeds from the sale of these assets to any school or program you wish.
Electronic Securities Gift Transfer Instructions
Electronic transfer is the easiest method when a donor maintains holdings in a brokered account.
- Before making a transfer, alert UVA Gift Processing Services at 434-924-7018 so that the University can make arrangements with its broker to receive the stock. Indicate the purpose of the contribution—such as an annual gift to a school, a pledge payment, or funds for a planned gift.
- Depository Trust Company, or DTC, is the clearinghouse for electronic security transfers.
- Provide the following information to the transferring broker:
For DTC eligible securities (Common Stock only):
Clearing Broker Pershing LLC DTC Participant # 0443 Account Number N7M-001327 Credit: University of Virginia Gift Account Reference [Donor’s Name]
For DTC eligible securities (Mutual Funds and Restricted Stock):
Clearing Broker Davenport and Company LLC DTC Participant # 0715 Account Number 84949411 Credit: University of Virginia Fund Reference [Donor’s Name]
Transferring marketable securities via DTC (the Depository Trust Company, a securities clearing house) may be accomplished only through the cooperation of your broker. Otherwise, if you have the shares in physical form, you may send us the securities and, under separate cover, send us an originally signed stock power for each security gifted. Please note that donors must have their signature medallion-guaranteed by a bank or broker.
Please contact us if you have questions:
Deborah Jordan – Director of Gift Processing Services
P.O. Box 400331
Charlottesville, VA 22904-4331
Stock Certificates and Stock Powers
If you send a stock certificate that is in your name, please include a letter indicating the purpose of the gift. Under separate cover, provide a signed Stock Power form (PDF) for each security you contribute. Stock powers are also available from UVA Gift Processing Services at 434-924-7018 or from any broker. Make sure your signature on the stock power is medallion guaranteed by a bank or broker, not notarized.
Attention: Mail stock certificates and stock powers separately.
If the certificates have been re-registered to the University of Virginia, no stock power is needed. A letter should be included identifying the donor and the purpose of the gift. The process for re-registering stock certificates (transferring the certificate into the University’s name) can take from two to four weeks. Stock certificates and stock powers should be sent to one of the address below.
Sending Forms to the University
By U.S. Mail:
University of Virginia Gift Processing Services P.O. Box 400331 Charlottesville, VA 22904
By Overnight Delivery:
University of Virginia Gift Processing Services 211 Emmet St South Charlottesville, VA 22903
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.