If you own stock, it is sometimes wiser to contribute stock rather than cash, as a gift of appreciated stock generally offers a two-fold tax advantage:
- You avoid paying capital gains tax on the increased value of the stock
- You receive an income tax deduction for the full fair-market value of the stock at the time of the gift
If you have owned stock for more than a year, you qualify for these significant tax advantages. Your gift must be postmarked by December 31 to qualify for a deduction in that tax year. A stockbroker or trust officer also can arrange for a year-end gift of stock from your account.
How to Transfer Stock
Please have your financial agent transfer the following to BNY Mellon Shareholder Services:
- Broker’s DTC Number
- Name of stock, CUSIP number, and number of shares being transferred
- For mutual funds, use the account number as the BIN
BNY Mellon Shareholder Services
144 Glenn Curtiss Blvd.
106-0501
Uniondale, NY 11556-0144
Phone: 1-800-843-5466
Fax: 516-338-3233
Account name: Thomas Jefferson University
DTC Number: #0443
Jefferson account number: 58L-001136
Please have your financial agent fax or email the following information to Jefferson:
- Name and address of the donor
- Name of stock, CUSIP number, and number of shares being transferred
- Donor letter to broker expressing intent, if possible
Fax or email the above information to Sarah Niebauer at 267-734-4324 or giftquestions@jefferson.edu.
For additional information, email Sarah Niebauer with your name, contact information, stock name, and number of shares. We will provide you with instructions for your broker.