You can give to the college shares of appreciated stock, bonds, mutual funds, and other securities. Whether you prefer to use a broker or a stock power, contact us first and our Planned Giving Office will assist you with the transfer.
Securities gifts are appropriate for:
When you donate securities instead of cash, you do not pay any capital gains tax on the appreciation in the securities and you receive a deduction for their full market value on the date of your gift.
If you are interested in making a securities gift, please contact James Gibert in the Planned Giving Office at email@example.com or 704-894-2469, first. He or another member of the staff can provide the necessary information to make sure the transaction is handled to your specifications and satisfaction, and you receive proper credit and acknowledgment for it.
Planned giving staff will:
It is almost always quicker and safer to make gifts of securities through a broker using electronic transfer than it is to send certificates and other documents by mail. Here's what to do:
If you don't have a broker you wish to use for your transaction, you can mail the unsigned certificates to Davidson, and in a separate envelope mail Davidson a stock power. Form stock powers are commonly available at your bank or brokerage, and can be mailed, faxed, or emailed to you by the Office of Planned Giving. The stock power document requires your signature, and must be guaranteed by a bank or brokerage house officer.
If you have a certificate for a larger number of shares than you wish to give, simply send the certificate you have, and indicate on the power the number of shares you are giving. We will return to you a new certificate for the balance, reissued in your name.
You can give shares in non-IRA mutual fund accounts, but it is generally not as straightforward as giving individual companies' stocks or bonds because there is no public market or clearinghouse for the majority of mutual funds' shares and transfer times and procedures vary widely from company to company.
To give mutual funds: