Gifts of Stock or Appreciated Securities

Giving shares of appreciated stock, bonds, mutual funds, and other securities is an especially tax-wise way to make a gift to LC.

If you have held securities for more than one year that have increased in value since acquisition, you will receive a charitable tax deduction equal to the current value. This allows you to avoid paying capital gains tax you would owe on the gain in value if you sold the securities.

Gifts of securities are deductible for federal tax purposes up to a limit of 30 percent of your adjusted gross income.

For additional information about giving securities, please contact Denise McDonald, vice president for advancement, at mcdonald@lynchburg.edu.

How to Make a Gift of Stock

To give stock that is held by your broker or commercial banker:

  1. Contact us first at 800.621.1669 or 434.544.8294 so that we may ensure that your gift is handled to your specification and you receive proper credit and acknowledgement for it.
  2. Notify your broker or commercial banker that you are giving securities to Lynchburg College.
  3. The stock should be transferred into any one of the College's accounts listed below. Lynchburg College's Tax ID number is 54-0505-922.
     
    Bank of America/Merrill Lynch, Attn: John Hoskins 888.381.9528
    DTC: 5198 Account number: 6RA02015
     
    Davenport & Company, LLC 800.306.2084
    DTC: 0715 Account number: 5435-7751
     
    Morgan Stanley 434.385.9600
    DTC: 0015 Account number: 934-106282
     
    Scott & Stringfellow, Inc. 804.643.1811
    DTC: 0702 Account number: 54367051 
  4. Fax, mail, or email us a copy of the instructions you send to your broker. You may use our sample letter as a guide.
     
    Fax to: 434.544.8596, attn: Denise McDonald
    Mail to: Denise McDonald, Lynchburg College, 1501 Lakeside Drive, Lynchburg, VA 24501
    Email to: Denise McDonald (mcdonald@lynchburg.edu)