[ Investment Services - Securities Gifts ]
Securities Gifts serves to manage the University's security gifts in a prudent and efficient manner. Securities Gifts has responsibility for the acceptance, retention or liquidation of all security gifts to the University of Pennsylvania. All inquiries about security gifts should be directed to this office. Securities Gifts values the gift, properly allocates the gift and proceeds according to the donor's wishes, and acknowledges the gift to the donor by receipt.
Gifts of Appreciated 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.
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 firstname.lastname@example.org 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.
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 email@example.com.
Any member of our staff will be happy to assist in the gift process.