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Washington and Lee University

Washington and Lee University

Make a Gift of Stock

Why Give Stock?

With the end of the year quickly approaching, a gift of stock to Washington and Lee might be a taxwise contribution. If you have appreciated stocks, it is easy to make a gift to Washington and Lee that will have favorable tax treatment. For example, a donor who gives a gift of common stock, held longer than one year, avoids capital gains taxation on the transfer so the full value of the contribution goes to the University. The donor is able to take a charitable deduction using the full value of the gift and can claim up to 30 percent of adjusted gross income (AGI) in the year the gift is made with up to five years to absorb the full deduction under the AGI ceiling.

Donors can use publicly traded securities to make outright contributions as well as income-retained gifts including charitable remainder trusts, charitable gift annuities and pooled income fund arrangements. For more information on giving securities, please contact Sandy Beverly at 540-458-8413, or sbeverly@wlu.edu. If you would like to make a gift of stock to establish an income-retained gift, please contact Louise Wasserott or Hank Humphreys in the Planned Giving Office at 540-458-8421, or lwasserott@wlu.edu or ahumphreys@wlu.edu.

How to Make a Stock Transfer:

Please fill out our Stock Transfer Information Form to let us know of a pending stock transfer. Alternatively, you may send a letter describing your gift of stock and including details of the stock transfer from your broker to Washington and Lee. Please address such letters to:

Washington and Lee University
Sandy Beverly
Development Building
204 West Washington Street
Lexington, VA 24450-2116

The following information is necessary to transfer a stock gift to the University:

Electronically transferring stock - Please contact Wilmington Trust Brokerage (an affiliate of M&T Bank) at the address below. In addition, please inform Washington and Lee's Development office of the type of stock to be transferred and either the number of shares to be transferred or the approximate value of the stock. If you do not have this information at the time you call Wilmington Trust, you may fax, e-mail or mail the information to the Development office once the transaction has been completed.

Gift Account A/C# 1046108
DTC# (Participant#) 990
Agent ID# 26209

Contact: Elizabeth "Liz" Hudgens
1-866-848-0383
ehudgens@wilmingtontrust.com
Mailcode MD1-MP33
1800 Washington Blvd.
Baltimore, MD 21230
 
Mailing address for physical stock:
DTC New York Window
A/C M&T Bank Part. 990
Attn: Desiree Wright
55 Water Street 2SL
New York, NY 10041
Phone: 212-855-2400

Transferring Stock Certificates - At your local bank, ask for as many stock power assignment forms as there are stock certificates to be transferred. A bank officer must sign these forms (only a signature, nothing on the back of the form, no date, etc.) to authenticate them. At that time, mail two separate envelopes to W&L (attn: Treasurer's Office): one with the certificates and the other with the stock power assignment forms (with bank signature authorization). The date of the gift will be the date of the postmark, and the value will be the mean value of the stock on the date of the gift.

Should you have any questions or require additional information, please do not hesitate to call or fax:

  • Sandy Beverly, Gift Accounting Lead: (540) 458-8413, sbeverly@wlu.edu or (540) 458-8428 (fax)
  • Lori Oliver or Steve McAllister, Treasurer's Office: (540) 458-8740, smcallis@wlu.edu or (540) 458-8945 (fax)