Make a Gift of Securities
Giving shares of appreciated stock, mutual funds, bonds, and other securities often confers significant tax benefits on the donor. Generally, contributions of appreciated shares held for more than one year are deductible at market value, regardless of cost basis. In addition, generally the donor does not incur any capital gains taxes on the appreciation.
Prior to making a gift of securities, mutual fund units, bonds or wire transfer please contact:
| Ms. Judy Foster | Mr. Greg Bader | |
| Denison University | Denison University | |
| Phone: (740) 587-6633 | OR | Phone: (877) 336-8648, option 2 |
| Fax: (740) 587-5541 | Fax (740) 587-5738 | |
| foster@denison.edu | baderg@denison.edu | |
| U.S. Mail address: | FedEx, UPS, etc. address: |
| Denison University | Denison University |
| Annual Fund | Annual Fund |
| P.O. Box 716 | 150 Ridge Road |
| Granville, OH 43023 | Granville, OH 43023 |
and provide the following information. This insures the transaction is handled to
your specifications and satisfaction, and you receive proper credit and timely acknowledgment:
- Your name and mailing address
- Your brokerage firm or trust company
- Your broker, and their phone and fax number
- Name of security and number of shares
- Intended transfer date
- Intended designation for the gift (e.g. Annual Fund,
pledge payment, planned gift)
End of Calendar or Fiscal Year Gift Timing
If you intend to make a gift of securities, mutual funds, bonds or wire transfer prior to the end of the calendar or fiscal year, please allow three to six weeks processing time, depending on the type of transfer. Please contact us as soon as possible so we may assist you with this process. The Denison University's fiscal year ends June 30.
Make a Gift Using Securities/Bonds/Mutual Fund Units/Wire Transfer
Transfers of Individual Securities/Bonds from a Bank or Broker
If the securities/bonds are held by your bank or broker, it
is usually best to transfer them electronically via the Depository Trust
Company (DTC) system.
Denison University's broker is Merrill Lynch. Please instruct your broker to transfer your gift via DTC to our account:
| Brokers: Mr. Tim Ryan or Mr. Jack Ryan | |
| DTC code: 5198 | Contact: Ms. Clarissa Goolsby |
| Account name: Denison University | Merrill Lynch |
| Account number: 656-04159 | 65 East State Street |
| Tax ID: 31-4379459 | Columbus, OH 43215 |
| Toll-free: (888) 517-8469 |
Transfer of Certificates
If you hold the securities/bonds in certificate form:
First, send by registered mail or deliver by hand unendorsed certificates with a letter of transmittal describing the purpose of your gift to Judy Foster.
Second, in a separate envelope, mail or deliver a stock or bond power for each security. Be sure to include a copy of your transmittal letter with the power. You can obtain blank powers from your bank or broker, or follow this link to download a Microsoft Word version of a Stock Power Form [doc]. On the stock power, fill in only the description of the security. Before mailing the stock power, sign it and have your signature guaranteed by an officer of a national bank or broker. Do not fill in Denison University's name as transferee or attorney to transfer on either the certificate(s) or stock power(s).
In instances where a stock or bond is to be registered to the University before it is sent to us, you will be required to supply the transfer agent with our mailing address and taxpayer identification number (ID# 31-4379459).
Transferring Mutual Fund Units to Denison
The method of transferring mutual fund units to the University varies depending on how the fund units are held. Please contact Judy Foster for assistance in making a gift of mutual fund units.
Donations of mutual funds result in benefits that are similar to donations of stock, though the transaction time can be as long as six weeks.This is due in part to sales restrictions imposed by many mutual fund companies, and transfer procedures vary widely from company to company.
Wire Transfer
To electronically transfer cash to Denison, please contact Judy Foster.
Gift Valuation Date
Gift valuation date is
the date the donor relinquishes total control of the asset to
Electronic transfer through DTC
The date the securities/bonds are deposited to our Merrill Lynch account. It is not the date a broker puts the
stock into a "temporary" gift account or "holding"
account. Please note: Giving instructions to your broker does not constitute
completion of a gift. If you write a letter of instruction to your broker on
December 27, but the securities are not transferred until the following January
2, the gift valuation date is January 2.
By
Stock certificates that are
mailed are considered to be a legal gift as of the date of postmark for the
certificate or signature guaranteed stock power, whichever is later.
By UPS, FedEx, etc.
Stock certificates sent via
third party provider are considered to be a legal gift as of the date of
receipt at
Certificate is hand delivered
The date both the certificate and the Irrevocable Stock/Bond Power are
received by
Stock registered to
Stock certificates registered in the name of
Mutual fund units
The date they are deposited to either our Merrill Lynch
account or to a mutual fund account in the University's name.
Gift Valuation Methods
The valuation assigned
by
Securities
Calculated by averaging the high and low quoted selling
prices for the stock as of the gift valuation date.
Bonds
Calculated by averaging the bid and ask prices for the bond
as of the gift valuation date.
Calculated using the NAV (net asset value) for the fund as
of the gift valuation date.
Receipt and Acknowledgment