Giving Securities
Some donors may choose to support the University
of Pennsylvania Health System though a gift of
securities. Gifts of appreciated securities are
an excellent and generally tax efficient means
for giving to Penn. When donating appreciated
securities, a donor generally receives an income
tax deduction for the full market value of the
securities given.
By donating the securities
to Penn rather than selling them, a donor can
also avoid capital gains tax on the appreciation
of these securities from their original basis.
Please contact your individual tax advisor
for more complete tax information regarding donating
appreciated securities.
The Treasurer’s Officer at The University
of Pennsylvania processes all contributions of
securities to the Health System. A member of
the development staff is happy to assist you
in this process. Contact us via
email or call
us at 215-898-0578 for assistance. Or, you may
coordinate with the Treasurer’s
office directly by following the following guidelines.
Electronic Transfer
Electronic transfer
of appreciated securities is the easiest method
when a donor maintains a brokerage account. The
University of Pennsylvania maintains accounts
with many major brokerage firms. For transfer
instructions, please contact the Office of the
Treasurer at 215-898-7254 or at Gifts@pobox.upenn.edu and
we will provide the donor with the appropriate
instructions. Contacting a member of the Office
of the Treasurer is the best method to insure
both timely receipt of the donor’s gift
and appropriate allocation of the gift.
Physical Receipt of Securities
The University
of Pennsylvania will gladly accept physical securities
by mail or in person. When the security is registered
in the donor’s
name, an executed Stock power must be completed.
The stock certificate should be mailed without
any endorsement or assignment along with a letter,
stating the purpose of the gift.
In a separate
envelope, please send an endorsed stock power
form. Stock
Powers are available from the University
of Pennsylvania via this web site, or by facsimile,
or mail or from any broker. Please note, when
completing a stock power, please leave the "Transfer
to" section
of this form blank.
Certificates and Stock powers should be sent
via registered mail in separate envelopes to:
The Office of the Treasurer
3451 Walnut Street, Room 427
Philadelphia, PA 19104-6205
When making a gift of appreciated securities,
please contact the Office of the Treasurer, at
215-898-7254 or at Gifts@pobox.upenn.edu.
Any member of our staff will be happy to assist
in the gift process.
|
