One of the best ways to make a gift to Truman State University is to donate appreciated securities. A stock portfolio is often among the most valuable assets, and one that carries substantial capital gain. However, the downside to assets that have increased in value over the years is that the federal government is prepared to levy taxes on your capital gain. By gifting appreciated securities to the Truman State University Foundation, you receive a "double tax" benefit:
For more information on securities and capital gains, see the Planned Giving section on securities in the section of the web site
Gifts of securities may be made to the University by one of two ways:
1. Securities Held By Your Broker
2. Securities Certificates Held By You
|Stock Power Form|
3. Have your broker/banker contact Mark Gambaiana, vice president for University Advancement, so that the Truman State University Foundation's broker may be notified to accept the gift and to transmit the details of the transaction.
4. The securities transfer is then handled by the broker/banker and the University's Business Office.
5. The date of the gift is established on the day the securities electronically arrive in the University's account.
|Gift of Stock Transfer Form|
4. Enclose a dated letter with your stock power, which identifies the securities, states the program/project to which proceeds are to be allocated, and includes your signature.
5. Upon receipt, your securities gift will be recorded and the certificate sent to the University's broker for immediate disposition.
6. For your tax reporting purposes, the date of your gift is determined by the postmark found on the envelope received last.
For more information contact:
Office of Advancement, McClain Hall 205, 100 E. Normal Ave., Kirksville, Mo. 63501-4221; (800) 452-6678 or (660) 785-4133; Fax (660) 785-7519.