A gift of stocks, bonds, or mutual funds that have been held for more than one year may be gifted to Oglethorpe University. In many cases, the net cost of the gift will allow the donor to give more to OU than if it was a gift of cash. Gifts of securities may also provide a twofold tax benefit for the donor, creating an income tax deduction as well as avoiding the capital gains tax on the appreciation.
It is important for us to know the identity of the donors of all securities gifts in order to ensure they are used for the purpose you intend and accurate credit is given for the gift.
Electronic Transfer of Stock
If your stock is held at a broker, notify your broker that you wish to make a gift of securities to Oglethorpe University.
Be sure to tell your broker:
- The name of the stock you want to transfer;
- The number of shares you want to transfer; and
- Any special designation you wish for the gift when it reaches Oglethorpe.
To complete the transfer, your broker will need:
- Official Name of the University: Oglethorpe University
- Tax ID: 58-0568698
- Receiving Brokerage Firm: Merrill Lynch
- Attn: Sandi Ward
- DTC: 5198
- Account Number: 706-04B18
Once you have authorized the transfer, ask your broker to contact George Kopec at 404.364.8328 or firstname.lastname@example.org.
You will receive an acknowledgement letter from Oglethorpe University notifying you of the gift value on the date it was received by the University.
If you hold the certificates in your own name, please mail the stock certificates without any endorsement or assignment to:
4484 Peachtree Road, N.E.
Atlanta, GA 30319
Send one signed stock power for each stock certificate (contact us for transfer form) in a separate envelope from the stock certificates.
Do not complete any other line on the stock power, except your signature, which must match the name on the front of the stock certificate. You need to have your signature on this stock power Medallion Guaranteed. This can be done by any bank or financial institution officer, or by a broker.
You will receive an acknowledgement letter from Oglethorpe University notifying you of the gift value on the date of the gift (the postmark on the envelope).
Bonds or Mutual Funds
Under IRS regulations, appreciated stock is valued for gift purposes at the mean of the high and low trading prices on the date of the gift. For mutual fund shares, the gift value is the last public redemption price or bid quoted on the date of the gift. For bonds, the gift value is the mean of the highest and lowest selling prices on the date of the gift.
For more information on the benefits of giving securities to Oglethorpe, please contact the Development Office at 404.364.8328.
Gifts of Art
To make a gift of art, please contact us.