Virginia Commonwealth University VCU
VCU Gifts of Stock
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Stock Gifts
Benefits
Giving securities (appreciated stocks and bonds) is an easy and tax-wise way to show your
support to Virginia Commonwealth University. As the owner of stocks or bonds that have
appreciated in value, selling these assets incurs capital gains taxes. Donating these
securities is a cost effective way to make a charitable gift.
Benefits include:
- a charitable tax deduction equal to the full fair market value of the securities at
the time of your gift;
- avoidance of the capital gains tax on the increase in value;
- reduction of the cost of making a gift, when a long or mid-term appreciated stock
gift is made; and
- donating securities is easy.
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Instructions for Electronic Transfer
This is the easiest method when a donor maintains holdings in a brokered account. It is
also our preferred, and the most expedient, method of transfer. DTC, or Depository
Trust Company, is the clearinghouse for electronic security transfer. Each brokerage firm
has a specific DTC number. All brokers acting on the Donor's behalf are to code their
account as follows for delivery of a stock gift that is DTC eligible:
Custodian Client Name: VCUF Gift Clearing Account
Custodian Client Account Number:
7013690
DTC Participant ID Number: 2971
Please contact Mr. Cory Harton, at least 24 hours prior to delivery, at Suntrust Bank -
(804)782-5240, Fax - (804)782-5858 to confirm delivery of DTC eligible security.
For securities NOT eligible for DTC delivery, please contact Mr. Kevin Davenport
at
(804)828-6533.
NOTE: Always contact VCU before transfer has taken place. These instructions should
be delivered to your broker or transfer agent.
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Instructions for Stock that Arrive by Certificate
If a donor would like to send or bring by a stock certificate that is in his/her name, a
stock power needs to be included or, less recommended,
the stock certificate needs to be signed on the back.
Stock power forms are available via this web site or from any broker.
On the
stock power or back of certificate, only fill in:
- the number of shares;
- the type of security (e.g. common or preferred, etc.);
- the name of the corporation; and
- the stock certificate number.
Because the "transfer to" section is left blank, the stock power should be sent under
separate cover from the certificate. If the back of the certificate is being filled out
in lieu of a stock power and the certificate is going to be sent through the mail or via
express delivery, the "transfer to" section should be filled out to Virginia Commonwealth
University Foundation. If the certificate is in the Foundation's name, no stock power
is needed. Please note that the process for re-registering stock certificates (i.e.,
transferring the certificate into the Foundation's name) can take from two to four
weeks, so that this is the least efficient method of transfer. Stock certificates should
be sent to:
Express Mail Only:
Virginia Commonwealth University Foundation
ATTN: Mr. Kevin Davenport
809 West Broad Street
Richmond, VA 23284
U.S. Postal Address:
Virginia Commonwealth University Foundation
ATTN: Mr. Kevin Davenport
P.O. Box 843031
Richmond, VA 23284-3031
If the certificates have been re-registered to the Virginia Commonwealth University
Foundation, a letter should be included identifying the donor.
If you need further assistance or to notify us of an incoming gift of securities, please
contact Mr. Kevin Davenport at (804)828-6533.
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Gifts of Stock 809 West Broad Street
Richmond, Virginia 23284-3031
Phone: (804)828-6533
