Ways to Give - Giving to UVA

Ways to Give

Details

Mail

To make a gift via check:

  1. Print and complete this form .
  2. Mail your check and completed form to:
          UVA Gift Processing Services
          PO Box 400331
          Charlottesville, VA 22904-4331

If you have questions, please call (434) 924-7018.


Wire Transfer

Please instruct your bank to direct wire transfers using the following information:
Bank Name: Bank of America
Credit to UVA Gift Processing Services
ABA#: 026009593
Account #: 435029040409

Please contact UVA Gift Processing Services Help Desk with any questions:
434-924-7018 | uvagps@virginia.edu | Fax: 434-924-7032
UVA Gift Processing Services | PO Box 400331 | Charlottesville, VA 22904-4331


Bank Draft

Gifts will be automatically transferred from your bank account on or about the 10th of each month for as long as you indicate on your form.

  1. Print and complete the Automatic Bank Draft form .
  2. Mail your completed form to:
          UVA Gift Processing Services
          PO Box 400331
          Charlottesville, VA 22904-4331

If you have questions, please call 434-924-7018.


Payroll Deduction

Workplace giving is an easy and efficient way to make tax-deductible donations to charities through payroll contributions. Contact your HR department to inquire if your company offers charitable giving via payroll deduction.

  1. Print and complete the UVA Payroll Deduction form .
  2. Mail your completed form to:
          UVA Gift Processing Services
          PO Box 400331
          Charlottesville, VA 22904-4331

If you have questions, please call 434-924-7018.


Personal Property

Gifts of personal property—works of art, manuscripts, rare books, and antique furnishings—help support teaching and scholarships and can greatly enhance the quality of life on the Grounds. Such gifts must be appraised by an outside expert, unless an item has an apparent value of less than $5,000.

Reasons to contribute a gift in kind include:

  1. You may receive a charitable deduction for the appraised value at the time of the gift.
  2. You can make a larger donation to UVA than if you sold the gift, paid capital gains tax on the sale, and contributed cash.
  3. The gift’s value is removed from your estate, which lowers your estate taxes.

Please contact UVA Gift Processing Services Help Desk with any questions:
434-924-7018 | uvagps@virginia.edu | Fax: 434-924-7032
UVA Gift Processing Services | PO Box 400331 | Charlottesville, VA 22904-4331


Real Estate

Real estate can be contributed as an outright gift or to finance a planned gift, such as a charitable trust . Available options include a retained life estate, which allows the donor to continue to use the property for a certain number of years or for the donor’s lifetime. Other arrangements offer special tax advantages and lifetime income.

Gifts of real estate, such as undeveloped land, a residence, a vacation home, a farm, or commercial property, should be arranged through the Office of Gift Planning and made through the University Real Estate Foundation. The University requires the donor to bear certain costs when making a real estate gift, such as an appraisal to determine the fair market value. Also, the University deducts transaction costs from the proceeds of the sale of the property, including the closing costs, title insurance, a survey (if needed), and any taxes due before the gift is completed.

For more information, consult the Office of Gift Planning at 1-800-688-9882 or giftplanning@virginia.edu


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.

  1. 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.
  2. Depository Trust Company, or DTC, is the clearinghouse for electronic security transfers.
  3. Provide the following information to the transferring broker:

    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]

    FOR DTC ELIGIBLE SECURITIES (RESTRICTED STOCK ONLY):

    Clearing Broker Davenport and Company LLC
    DTC Participant # 0715
    Account Number 84949411
    Credit: University of Virginia Fund
    Reference [Donor’s Name]

 

Physical securities should be sent to:

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

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.

If you have questions, please contact:
Sue Gallegos, Director of Gift Processing Services
PO Box 400331
Charlottesville, VA 22904-4331
uvagps@virginia.edu | 434-243-2291 | Fax: 434-924-7032

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

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.

Mutual Funds

UVA’s Gift Processing Services (GPS) team can help you make a gift of mutual fund shares to the University. Because this requires an electronic transfer system, please contact the GPS team first: (434) 924-7018 or uvagps@virginia.edu.

The financial industry uses an electronic transfer system for moving securities from one broker to another. For mutual fund investments, however, the transfer details depend on the fund company and on how shares are currently held.

Mutual fund shares can be held either by the fund company or your brokerage. If you receive statements from the fund company, the fund company holds your shares, with the broker listed as the dealer of record. If your statement is generated by your broker, the brokerage holds the fund shares in your name.

In all cases please contact (or have your broker contact) GPS (434) 924-7018 or uvagps@virginia.edu before initiating the transfer.  Also, please note that some mutual fund transfers can take up to six weeks, so it is important to plan ahead, especially at the end of the year.

Here are detailed instructions on donating mutual fund shares to UVA.


Corporate Matching

Increase the impact of your gift by leveraging the generosity and encouragement of your employer!
Many businesses match the charitable contributions of their employees who follow a few easy steps.

How do Corporate Matching Gifts Work?

Your company will have its own guidelines similar to these steps:

  1. Find out if your company matches gifts by using the Employer Search box below
  2. Get a matching gift form from your company
  3. Fill it out and send it to:
          UVA Gift Processing Services
          PO Box 400331
          Charlottesville, VA 22904-4331
          or email: matchgifts@virginia.edu
  4. UVA will complete the form and contact your company
  5. Your company will send matching gifts funds to UVA
  6. You get credit for your gift, plus the match!

If you have questions, please call 434-924-7018.


Tax ID Numbers

Note:
If you do not find the tax identification number for your designated recipient listed below,
please call 434-924-7306 for clarification and assistance.

The Rector & Visitors of the University of Virginia 54-6001796
 
Alumni Association of the University of Virginia 54-0485595

• Jefferson Trust

• Ridley Scholarship Fund

 
Jefferson Scholars Foundation 31-1755873
 
The School of Architecture Foundation 20-1154531
 
Virginia Athletics Foundation 54-0517188
 
The Foundation for the State Arboretum of Virginia
(Blandy Experimental Farm gifts)
54-1268275
 
The College Foundation of the University of Virginia 54-2009312
 
The McIntire School of Commerce Foundation 51-0159775
 
Darden School Foundation 54-6046419
 
Curry School of Education Foundation 51-0201344
 
University of Virginia Engineering Foundation 54-6052945
 
The University of Virginia Health Foundation 41-2097394
 
The University of Virginia Law School Foundation 54-0838566
 
The University of Virginia Medical School Foundation 23-7173411
 
The Miller Center Foundation 54-1420895
 
The University of Virginia Foundation 54-1682176
 
The University of Virginia’s College at Wise Foundation 54-1638774

 


Bitcoin

Gifts of Bitcoin and other cryptocurrencies are currently accepted by UVA through a Donor Advised Fund (DAF) at either Fidelity Charitable or National Philanthropic Trust (NPT). The paperwork to setup a DAF is simple and takes but a few minutes to complete. The minimum initial contribution to a DAF is $5,000 at Fidelity and $25,000 at NPT. If donating with Fidelity, please also include this form with your application.

Contact Julie Featherstone, Assistant Vice President for Advancement Operations, with any questions and for assistance with this process:
434-924-6022 | jaf2vk@virginia.edu | Fax: 434-243-0219
University Advancement | PO Box 400804 | Charlottesville, VA 22903-4971

NOTE:

In 2014, the IRS issued guidance that Bitcoin is to be treated as a property for federal tax purposes. More information can be found here. Given the IRS guidance that Bitcoin can be treated as property, donating appreciated Bitcoin offers tax benefits.

Donors should consult with a tax advisor to review their personal situation and tax law applicable at the time of the contribution.