Securities
Stock/Publicly Traded Securities
A gift of appreciated securities is an attractive alternative to cash because of the potential for a double tax benefit. Not only do you receive a charitable deduction for your gift, but you also avoid paying a capital gains tax on the appreciation.If you have held the securities for more than one year, your deduction is equal to
the full fair market value of the securities. Generally, you may deduct up to 30% of your adjusted gross income and, as with gifts of cash, any excess can be carried over and used for up to five additional years.
Securities held by your broker
If your securities are held in a brokerage account, you may simply contact your broker. He or she will need the following information in order to transfer your securities to Dominican:| Dominican’s Broker | Charles Schwab Institutional |
| DTC # | Contact us for this number |
| Dominican’s Acct. # | Contact us for this number |
| Attention: | Customer Service |
| Phone: | (800) 515-2157 |
Securities held by you
If you hold the stock certificate in your name, you may send the unendorsed certificate by mail to:Colleen McElligott
Director, Major and Planned Gifts
Dominican University
7900 West Division Street
River Forest, IL 60305
Director, Major and Planned Gifts
Dominican University
7900 West Division Street
River Forest, IL 60305
In a separate envelope and on the same day you mail the stock certificate, mail to the same
address an executed stock power form authorizing the transfer of the stock to Dominican
University.
Notification to Dominican University
With both types of stock transfers,please notify Dominican whether the gift is an unrestricted gift to the annual fund
or a restricted gift for a designated purpose. You may provide this information to Colleen McElligott, Director, Major and Planned Gifts, by telephone
(708) 524-6307, e-mail (cmcelligott@dom.edu), or by mail at the address above.
End of the calendar year:
The date of your gift will be the day the stock is received in the university’s account. If you are making a stock gift at the end of the year, please allow sufficient time for the transfer from your broker to the university’s account. It usually takes at least one day.“My decisions at work are constantly informed by what I learned in my MBA courses at Dominican. The curriculum and the faculty have made a lasting contribution to my professional expertise. In my competitive work environment, I feel well prepared.”
Steven Ramel
MBA 1996
Senior Vice President
GE Commercial
Finance
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