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A gift of stocks, bonds, or mutual funds that have been held for
more than one year may be gifted to Oglethorpe University. In many
cases, the net cost of the gift will allow the donor to give more to
OU than if it was a gift of cash. Gifts of securities may also
provide a twofold tax benefit for the donor, creating an income tax
deduction as well as avoiding the capital gains tax on the
appreciation.
It is important for us to know the identity of the donors of
all securities gifts in order to ensure they are used for the
purpose you intend and accurate credit is given for the gift. Please
contact George Kopec at 404.364.8328 after you have mailed the copy
of the authorization letter to inform him of the gift and its
purpose.
George Kopec
Development Office
Oglethorpe University
4484 Peachtree Road, N.E.
Atlanta, GA 30319
gkopec@oglethorpe.edu
Tel: (404) 364-8328
Fax: (404) 364-8500
Electronic Transfer of Stock
If your stock is held at a broker, notify your broker that you
wish to make a gift of securities to Oglethorpe University. Be sure
to give your broker the following information:
- The name of the stock you want to transfer;
- The number of shares you want to transfer; and
- Any special designation you wish for the gift when it reaches
Oglethorpe.
Broker Information
Your broker will need the following information
to complete the transfer:
Official Name of the University: Oglethorpe
University
Tax ID: 58-0568698
Receiving Brokerage Firm:
Merrill Lynch
Attn: Sandi Ward
404.231.2599
DTC:
5198
Account Number: 706-04B18
Once you have authorized the transfer, ask your
broker to contact George Kopec at
404.364.8328 or gkopec@oglethorpe.edu.
You will receive an acknowledgement letter from
Oglethorpe University notifying you of the gift value on the date it
was received by the University.
Stock Certificates
If you hold the certificates in your own name,
please use the following mailing instructions.
Mail the stock certificates without any
endorsement or assignment to:
George Kopec
Development Office
Oglethorpe University
4484 Peachtree Road, N.E.
Atlanta, GA 30319
Tel: 404.364.8328
Send one signed stock power for each stock
certificate to George Kopec. If you need a copy of a stock power
transfer form, please contact George Kopec. Please send the stock
powers in a separate envelope from the stock certificates. Do not
complete any other line on the stock power, except your signature,
which must match the name on the front of the stock certificate. You
need to have your signature on this stock power Medallion
Guaranteed. This can be done by any bank or financial institution
officer, or by a broker.
You will receive an acknowledgement letter from
Oglethorpe University notifying you of the gift value on the date of
the gift (the postmark on the envelope).
Bonds or Mutual Funds
For instructions on gifting bonds or mutual
funds to Oglethorpe University, please contact George Kopec at 404.364.8328 or
gkopec@oglethorpe.edu.
For help with any of these instructions, you
may also contact the Development Office at 404.364.8330.
Under IRS regulations, appreciated stock is
valued for gift purposes at the mean of the high and low trading
prices on the date of the gift. For mutual fund shares, the gift
value is the last public redemption price or bid quoted on the date
of the gift. For bonds, the gift value is the mean of the highest
and lowest selling prices on the date of the gift.
For more information on the benefits of giving
securities to Oglethorpe, please contact the Development Office at
404.364.8328.
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