STOCKS AND BONDS

Gifts of Marketable Securities and Mutual Funds
Methods of Acceptance and Valuation
Methods of Delivery & Effective Date of Transfer
Contact Us
 

Gifts of Marketable Securities and Mutual Funds

Gifts of appreciated stock or mutual fund shares that have appreciated can have an immediate impact on your preferred Oklahoma State University program while creating an income tax deduction for you. Securities that have been held for at least one year qualify for an income tax deduction equal to the current fair market value of the transferred assets. 

 

Methods of Acceptance and Valuation

Marketable securities – securities regularly traded on a public stock exchange.  Gifts of marketable securities that are freely tradable without restriction are accepted without review of the Foundation Gift Acceptance Committee. 

The value for gift credit purposes will be the fair market value on the effective date of transfer.  Fair market value is generally the average of its high and low trading prices.  For mutual funds, the fair market value is the closing price.

Once possession is obtained and the donor information confirmed, marketable securities are sold as soon as practical by the Department of Gift Administration.  Marketable securities may not be held without notification to the Foundation Gift Acceptance Committee and approval from the Foundation Investment Committee.


Shares of marketable securities subject to restrictions require approval by the Foundation Investment Committee to accept.  Efforts should be made to have the restrictions removed prior to acceptance of the gift.



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Methods of Delivery & Effective Date of Transfer

Hand Delivery - If securities are hand delivered to the Foundation, the date for gift credit purposes is the date the securities and the stock power are delivered to the Foundation.  We suggest completing a stock power in lieu of endorsing the stock certificate(s); unendorsed stock certificates are non-negotiable.  To transfer ownership of the securities to the Foundation, donors should obtain a stock power, signing it exactly as it appears on the certificate(s), and have their signature guaranteed by their banker or broker.  The Foundation should be designated on the stock power as Oklahoma State University Foundation (taxpayer identifying # 73-6097060).  If ownership of the securities is transferred by a transfer agent and a new certificate(s) is issued in the name of the Foundation the date for gift credit purposes is the transfer date indicated on the newly issued certificate(s).

Mailing - If the securities are mailed to the Foundation, the date for gift credit purposes is the postmark date of the last document received, except in the case of securities transferred via a transfer agent as described above. We suggest completing a stock power in lieu of endorsing the stock certificate(s); unendorsed stock certificates are non-negotiable.  Donors should obtain a stock power, signing it exactly as it appears on the certificate(s), and have their signature guaranteed by their banker or broker.  The stock power and a letter of instruction should be mailed to the Foundation under separate cover from the stock certificate(s). The Foundation should be designated on the stock power as Oklahoma State University Foundation (taxpayer identifying # 73-6097060).  If a courier is used, the date for gift credit purposes is the date of delivery to the Foundation. 

Electronic Transfer - If securities are electronically transferred from a donor's brokerage account to an account held in the name of the Foundation via the Depository Trust Company (DTC), then the value for gift credit purposes will be its fair market value on the date on which the securities are received in the Foundation’s account.  Donors may contact the Foundation to obtain DTC instructions that they will then give to their broker along with a letter of instruction regarding the specific securities to be transferred. A copy of the letter of instruction should be sent to the Foundation in order that the donor may be receipted properly.  If transferring mutual fund shares please contact the Foundation for instructions.  Each mutual fund company has its own procedures for transferring shares for charitable gift purposes.  Allow four to six weeks for the transaction to be processed.  If planning a year-end gift, it is suggested start the process no later than November.



Contact Us

If you have questions about making a donation of securities, please contact the office of Gift Administration at (800) 622-4678 or e-mail bhuston@osugiving.com.

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OKLAHOMA STATE UNIVERSITY FOUNDATION
400 South Monroe / P.O. Box 1749 / Stillwater, OK 74076-1749
Ph. 800.622.4678 / Fax 405.385.5102 / info@OSUgiving.com
© 2013