Securities

Stocks & Bonds

Usually you can claim a tax deduction for the current market value of the securities donated and in most cases avoid paying capital gains tax.

  • The easiest way to give stock is to transfer the stock from your brokerage account to USU's brokerage account.
  • If your brokerage house does not have an account for Utah State, the stock should be transferred to the university's account at USU's preferred brokerage service. Call the Development Office toll free at 1-888-OLD-MAIN or 1-888-653-6246
  • If you have the stock certificate, you can get a bank guaranteed signature on the back of the stock certificate, then bring or send the stock certificate to the university. Include an informal letter (may be handwritten) stating that you wish to give the stock to the university.
  • It is strongly recommended that certificates not be sent to a transfer agent for registering the certificate in the university's name. This procedure could delay the transfer of stock as much as 6 weeks.
  • The value of the gift of stock is determined on the date the stock is transferred into USU's account.

Closely Held Stock

You'll get a charitable deduction for the fair market value of the stock, and you'll avoid a capital gains tax. At a later date, the corporation may offer to purchase the stock from USU. As long as USU is not legally obligated to sell the stock to the corporation, there should be no adverse tax results.