Donating Appreciated Securities to Ohio Dominican University
Gifts of appreciated securities which have been held for more than one year (in most cases) is a tax-wise way to make a difference at Ohio Dominican.
Donors making stock gifts are eligible to a federal income tax deduction equal to the fair-market value of the stock on the date it is gifted to ODU up to 30% of your adjusted gross income.
A capital gains tax is not due when the stock is transferred to Ohio Dominican.
The value of all securities gifts is calculated as the “mean price” on the trade date of the gift into the ODU gift account.
For Securities Held By Your Broker
If your broker or bank holds your securities, call your broker and tell him/her which securities you wish to donate to Ohio Dominican University. Most firms require written instructions.
Please use the instructions below to facilitate a transfer of assets to the Ohio Dominican University account at Huntington Investment Company:
Broker: Huntington Investment Company
Account Reps: Rob Koogler
Phone: (614) 480-3171
DTC Number: 0226
FFC to Account #: 0HE-402206 (Please note the first digit is a zero)
Ohio Dominican Account #: 0HE-402206 (Same as above)
Account Name: OHIO DOMINICAN - STOCK GIFT
Ohio Dominican University federal tax ID: 31-4379560
Other important to-do items:
On the same day you call your broker, please confirm your instructions in writing to your broker and the following:
- Declare your desire to make a gift to Ohio Dominican University
- Including the number of shares you are gifting to ODU
- The name(s) of the stock(s)
- The purpose for which you are designating your gift, i.e., augmenting our existing ODU endowment fund; we are creating a new endowment at ODU; we are making an Unrestricted gift to our ODU Fund.
In your letter, include your broker’s phone number and send a copy of your letter to Ohio Dominican Advancement Office (see address below).
In order to give prompt and accurate credit for all stock/securities gifts received, it is important for Ohio Dominican to know the identity of its securities donors, especially those gifts which are received via electronic transfer.
Since it is difficult to obtain donor identity once the transaction has been processed, donors are requested to identify themselves when the DTC transfer instructions are executed.
For Securities Held By You
Step 1: Send us your unendorsed stock certificates by U.S. Mail, with a typed letter stating your name, address, and the designation of your gift to Ohio Dominican University.
Ohio Dominican University
University Advancement Office
1261 Sunbury Road
Columbus, OH 43219
Step 2: In a separate envelope, please send us at the same address listed above, a signed stock power for each certificate, along with a copy of your letter. DO NOT write anything on the “stock power” other than your signature and the date.
For additional information and assistance, contact Ann E. Dysart, Director of Advancement Services, at (614) 251-4575 or firstname.lastname@example.org.