How to Give

Not only do you have options for how your gift will be used, you also have options on what to give and how to give. There are gifts that cost you nothing now, gifts that pay you income, and gifts that allow you to decide what happens when.

Print Page

Gifts of Stock

One of the biggest tax advantages in charitable giving continues to be the double benefit donors get when donating appreciated assets to Mount Saint Mary's University instead of cash. By giving appreciated assets (like stocks held for more than one year), you'll get a charitable tax deduction for the full value of the asset and avoid any capital gains tax that would have applied if you had sold the stock and made your gift in cash.

 

For stock held in a brokerage account

Please provide your broker with written instructions to transfer stock from your account directly into Mount Saint Mary's University's account using the following information:

  • Account Name: Mount Saint Mary's University
  • FBO: BHS-297308
  • Financial Institution: City National Securities
  • DTC Number: 0226
  • Mount Saint Mary's University's Tax ID Number: 95-1641455

 

Sample Letter of Instructions

Dear (your stock broker):

This letter authorizes you to transfer (number of) shares of stock in (company) from account number (your account number) in the name of (your name) to Mount Saint Mary's University FBO: BHS-297308, in the name of Mount Saint Mary's University, DTC 0226. Mount Saint Mary's University Tax I.D. # is 95-1641455. I wish the subject funds to be (unrestricted) (designated to ).

Sincerely, (signed)

 

Transfer of Stock Certificates

The safest way to transfer stock certificate(s) is to hand deliver them to Mount Saint Mary's University's Director of Advancement Services. The owner(s) should sign the back of the stock certificate exactly as the name(s) are spelled on the front of the certificate. The certificate should be accompanied by a letter signed by all parties listed as owners addressed to City National Securities at the address below indicating that the proceeds of the sale of the stock are to go to Mount Saint Mary's University.

If you would prefer to mail your stock certificate, contact Andrew Loccisano. Please inform the University whether you wish your gift to be unrestricted or to be designated for a particular purpose.

Please forward a copy of all communications pertaining to stock transfers to:

  • Andrew Loccisano
  • Asst. Vice President for Financial Services
  • aloccisano@msmu.edu
  • 213.477.2515