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.
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:
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 ).
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: