Gift of Stocks

The best stocks to donate are those that have increased greatly in value, particularly those producing a low yield. Even if it is stock you wish to keep in your portfolio, by donating it to Gallaudet and using cash to buy the same stock through your broker, you will have received the same income tax deduction but will have a new, higher basis in the stock.

A stock portfolio is among the most valuable assets you own, and one that can continue to reap considerable appreciation in value. However, there are tax implications. Thus, we recommend that you contact your professional legal or tax advisor about how you can make best use of your stock. One approach you can take is to donate the stock to Gallaudet University. In this way, you will know that you are making a difference that will last for many years to come.

For further discussion on how you can make a gift of stock, please read the instructions below or feel free to contact:

Doris Parent
Acting Director of Development
202-651-5410 (TTY/Voice)
202- 651-5467 (Fax)

Stock Gift Process

A.  When the stock is held by your broker or commercial banker:

The best and easiest way of making a gift of stock to Gallaudet via your broker or a banker is through electronic transfer. Notify them by letter that you are giving stock to Gallaudet University and send a copy to the Development Office.

In your letter direct your broker or banker to transfer your shares to Gallaudet via Merrill Lynch. Please include the following information in the letter:

    1. Address of Merrill Lynch representative:

      Merrill Lynch
      c/o Mr. Stephen Hlibok
      10320 Little Patuxent Drive
      Suite 1000
      Columbia, MD 21044
      888-207-2386 (tty & videophone)
      (410) 884-6654 (voice) contact Juliette Smith
    2. DTC # 5198
    3. Gallaudet's Account Number at Merrill Lynch: 51904170
    4. Gallaudet University's I.D. for nonprofit sector: 53-019950

B.  When the actual stock certificate is in your name and in your possession:

    1. Do not endorse the certificates
    2. Return unendorsed certificates by first class or registered mail with a letter of transmittal to

      Gallaudet University
      Development Office - EMG
      800 Florida Avenue NE
      Washington, DC 20002
              Attn: Doris Parent, Acting Director of Development
  2.  
    1. Obtain a stock/bond power from your broker or banker.
    2. Sign the stock/bond power and have your signature guaranteed by your commercial bankers, but do not fill in anything else. Sign exactly as your name appears on the certificate. If the stock is jointly owned, both owners must sign the power.
    3. Mail the signed stock/bond power in a separate envelope to the above address, along with a copy of your letter of transmittal.