How to Make an Outright Gift of Stock
By giving stocks directly to the Health System - instead of selling the stock to make a gift - donors can escape the capital gains they would normally pay. Donors can also earn a charitable tax deduction for the fair-market value of the contribution up to 30 percent of their adjusted gross income. Any excess deduction can be carried over for up to five years. Gifts of securities are credited at the market value on the day the University gains control of the assets. Please consult our Development Officers on how giving appreciated securities offers special tax advantages, while you support vital health programs.
By electronic transfer:
Giving stock through electronic transfer is the easiest, and most expedient, method when a donor maintains holdings in a brokered account. Depository Trust Company, or DTC, is the clearinghouse for our electronic security transfers. Each brokerage firm has a specific DTC number. When you wish to make a gift of stock, provide the following information to the transferring broker:
Account Name: UVA Gift Account Account Number: N7M-001327 DTC Number: 443 Clearing Broker: Bank of New York/Mellon Reference: [Donor's name] Please alert the UVA Gift Accounting Department before the transfer so that the University can make arrangements with its broker to receive the stock. The University cannot sell an unidentified security. At the same time, please indicate the purpose of the contribution, such as annual gift to the Health System, a pledge payment, or funds for a planned gift.
If you have questions, please contact Cecilia Baber, Director of Gift Accounting, at (434) 924-1015.
Through stock certificates and stock powers:
If you send a stock certificate that is in your name, a letter of intent must be included. Under separate cover, please send a signed stock power (opens PDF file). The University does not recommend sending signed certificates. Stock powers are available from Gift Accounting or from any broker. On the stock power, your signature is the only item that is needed. Your signature must be guaranteed by a bank or broker. If the certificate is in the University's name, no stock power is needed. The process for reregistering stock certificates (transferring the certificate into the University's name) can take from two to four weeks. Stock certificates should be sent to:
If sent by U.S. Postal Service:
University of Virginia
Office of Development & Public Affairs
Gift Accounting Department
P. O. Box 400807
Charlottesville, VA 22904-4807If sent by other carriers:
University of Virginia
Office of Development & Public Affairs
Gift Accounting Department
Piedmont Centre, 2405 Ivy Road
Charlottesville, VA 22903If the certificates have been reregistered to the University of Virginia, a letter should be included identifying the donor and the purpose of the gift.
If you need further assistance, or if you would like to notify the University of an incoming gift of securities, please contact us by telephone at (434) 924-1015 or by e-mail at Cecilia Baber.
Please note:
In order to provide for the general support of the UVA Health System and its affiliates, 5% of each gift installment will be designated for unrestricted operating funds of the School of Medicine, School of Nursing, or the Medical Center. Learn more.