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Securities
Susquehanna University gratefully accepts gifts of stock, bonds, mutual
funds, and other securities. We suggest that you coordinate your
gift with your attorney, accountant, or financial advisor.
In many cases, you can receive a double tax advantage by donating
securities that have appreciated significantly in value. You will
receive an income tax deduction for the fair-market value of the
securities and avoid all capital gains tax on the appreciation.
Stock
Gifts of stock may be made in three ways:
- You may hand deliver the securities to Susquehanna.
- You may ask your broker to transfer your securities to Susquehanna
University's account. Please click here to fill out a Security Transfer form that will ease the process of transferring securities from your broker to Susquehanna University's account at Janney Montgomery Scott. Or, if your broker will accept a request via e-mail, simply copy and paste the Security Transfer into an e-mail.
- You may place the stock certificates with a broker, bank, or other
agent to be held for the account of Susquehanna University, with a
request that Susquehanna be notified by telephoning the Development
Office at 570-372-4356. We will instruct the broker or agent about the
sale or delivery of the stock.
- You may send unendorsed stock certificates directly to the
University, preferably by registered mail, accompanied by
correspondence indicating your name and address as it appears on the
certificates. A stock power should be sent separately, also accompanied
by correspondence indicating your name and address as it appears on the
stock certificates. Please click here to fill out an Irrevocable Stock or Bond Power. All materials should be addressed to Development
Office, Susquehanna University, 514 University Avenue, Selinsgrove, PA
17870-1164.
Stocks are credited at the mean value between the high and low trades on
the date they 1) were hand-delivered or mailed (date of postmark) in
negotiable form to Susquehanna or its agent; or 2) were placed in an
account in Susquehanna's name. Closely held stock with no ready market
value is credited at the appraised value. Neither gains nor losses
realized by the University's sale of the securities after their receipt
will affect the credited gift value. Any brokerage fee incurred will be
paid by Susquehanna, and changes in value prior to liquidation will be
considered operating expenses or income of the University.
Note: Please do not send stock certificates to a corporation or to a
corporation's transfer agent for transfer into Susquehanna's name. This
restricts your ability to select a date to make the gift. In cases where
such a transfer is made, the date of the gift is the date on which the
stocks are transferred into the University's name on the corporate
books.
Mutual Funds and Other Securities
Susquehanna also accepts gifts of mutual fund shares and other
securities. Please contact the Development Office at 800-353-7970 for
more information.
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The following chart shows how a gift of stock originally acquired for
$1,000 and now worth $5,000 compares to a cash gift of $5,000. Note the
savings from capital gains taxes and broker fees.
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Cash Gift |
Stock Gift |
| Charitable Deduction |
$5,000 |
$5,000 |
| Income Tax Savings |
$1,800 |
$1,800 |
| Capital Gains Tax Savings |
$0 |
$800 |
| Broker Fees Savings |
$0 |
$100 |
| Total Savings |
$1,800 |
$2,700 |
| Cost of Gift |
$3,200 |
$2,300 |
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