Stocks and Bonds

Students standing at base of columns at dusk.

Stocks and Bonds

Gifts of stocks and bonds 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.

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]
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

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 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 addresses 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.