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Giving appreciated securities (publicly traded or closely held), bonds, or mutual fund shares is a superb way to show support for Arizona State University. Gifts of securities may be used to make outright gifts to the annual fund, to establish an endowment or to support a variety of campus initiatives. They may also be used to establish one of several life income gifts.
A gift of appreciated securities may qualify for a charitable tax deduction and may avoid the long-term capital gains tax on the appreciated value of the asset. Stocks or bonds held more than one year that have increased in value may qualify for a deduction equal to the full market value of the gift.
With stocks or bonds worth less than the price you paid for them, the wisest course is to sell them and give the cash proceeds. The sale will establish a loss that may offset other capital gains income.
Gifts of securities may be deductible up to 30% of your adjusted gross income, with a five-year carryover of any unused deduction. Therefore, with a gift of appreciated securities, you may save taxes twice. First, you may receive an income tax charitable contribution deduction for the full fair market value of the securities. Second, you may avoid capital gains tax on the securities’ increased value.
Please consult your tax advisor with questions about the deductibility of these gifts and how it applies to your personal tax situation.
If your broker, banker or other agent is holding your securities in your account, ask him or her to wire the funds to the Arizona State University Foundation account.
Provide your broker the following delivery instructions:
The date of the gift will be the day that the stock is received in ASU Foundation’s account. Transactions can take 3–5 days.
To ensure the prompt identification and receipting of your gift, you should contact the ASU Foundation Finance Office to convey your name, intent and account number (if you have one) at 1-480-965-7825 or by e-mail at firstname.lastname@example.org. In addition, you may wish to send a formal letter or completed Stock Transfer Form to the ASU Foundation telling of the gift and stating its intended purpose.
If you have a physical stock certificate, please contact the ASU Foundation Finance Office at 1-480-965-7825 or by e-mail at email@example.com for instructions.