How do I contribute appreciated stocks, mutual-fund shares, or other securities?

You can contribute appreciated stocks, mutual fund shares, or other securities to the University of Lynchburg, which is considered a particularly tax-wise way to make a gift.

Here’s how to do it:

1. Contact the University First: Before initiating the transfer with your broker, contact the University of Lynchburg at 800.621.1669 or 434.544.8450. This step ensures your gift is handled according to your specifications and that you receive proper credit and acknowledgment.
2. Notify Your Broker: Inform your broker or commercial banker that you intend to transfer securities to the University of Lynchburg.
3. Provide University Account Details for Transfer: The stock should be transferred into the University’s account using the following details:
   • Davenport & Company, LLC
   • Contact: 800.306.2084
   • DTC: 0443
   • Account number: DA4003178
   • The University of Lynchburg’s Federal Tax ID number (EIN) is 54-0505-922.
4. Send Instructions to the University: Fax, mail, or email a copy of the instructions you send to your broker to Shawn Wood:
   • Fax to: 434.544.8643, attn: Shawn Wood
   • Mail to: Shawn Wood, University of Lynchburg, 1501 Lakeside Drive, Lynchburg, VA 24501
   • Email to: Shawn Wood ([email protected])

Tax Benefits of Giving Securities: If you have held securities for more than one year and their value has increased since you acquired them, you will receive a charitable tax deduction equal to the current value of the securities. This method also allows you to avoid paying the capital gains tax you would owe if you sold the securities yourself. Gifts of securities are deductible for federal tax purposes up to a limit of 30% of your adjusted gross income.

For any additional information regarding the giving of securities, you can contact Shawn Wood, assistant vice president for Development, at 434.544.8450.