Ottawa University Advancement

Gifts of Securities

Gifts of appreciated securities (either stocks or mutual funds) can result in additional tax savings for you. You can deduct the current market value of the securities, up to established IRS limits, and you can avoid capital gains tax that is payable if you sold them. (Please check with your tax advisor for details).

To make a gift of securities, follow these steps:

Securities you hold - send the unendorsed security by certified mail to Ottawa University (attn: University Advancement) and include a letter of intent indicating the purpose of your gift. In a separate envelope, send a signed stock power certificate to the same address, making sure your signature is exactly as it appears on the face of the certificate. A bank officer or stockbroker should guarantee your signature(s).

Securities held by your bank or broker - give your bank or stockbroker a letter of authorization requesting that your gift of securities be made to Ottawa University. Please let us know if you are going to make an electronic transfer of securities, so we can acknowledge your gift and thank you promptly.

For more information on how to make gifts of securities, contact:

Ottawa University
Office of University Advancement #16
1001 S. Cedar Street
Ottawa, KS 66067-3399
785-242-5200 or 866-324-8788

Valuation - for tax purposes, the valuation of your gift will be the mean value date that the securities pass from your control. If mailed, it is the date of postmark. If your broker makes the transfer on your behalf, it is the day the transfer is made. You will receive a prompt, official gift receipt from Ottawa University indicating the value of the shares on the date of the gift.