To appropriately record and receipt gifts of publicly-traded securities to the University and to comply with IRS requirements and University stewardship guidelines.
May, 2022Responsible Office
Privately held or restricted securities:
Because values are not readily accessible and there is an indeterminable discount for illiquidity, no valuation is included on the donor’s receipt. The donor should consult their tax advisor to determine an appropriate deduction to take for such gifts. Gift credit for privately held or restricted securities is applied to the donor’s record based on proceeds realized upon sale.
It is the fiduciary responsibility of the Office of the Treasurer to accept, sell and receipt gifts of securities.