Stocks and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to the University of Georgia Foundation to benefit the University of Georgia.
GIFTS OF STOCK
Giving a gift of publicly traded stock that has increased in value and that you have owned for more than one year may provide greater tax benefits than making a donation of cash. Your charitable income tax deduction is equal to the fair market value of the stock, and you may avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.
If you would like to make a contribution of stock, please contact our Gift Accounting office at ude.agu@stfig or 706-542-4438 prior to your donation with donor name, name of the stock, amount of shares, and benefitting fund. This will ensure that donors are properly credited and receipted for their gifts and ensure that the proper University of Georgia Foundation fund benefits from the gift.
Please use the information below to support the University of Georgia Foundation through a gift of stock.
UGA Foundation Account Information
DTC #: 8862 | Account: 706-04354
Name: The University of Georgia Foundation
EIN/TAX ID: 58-6033837
Brokerage Contact: Matthew Fletcher – Merrill Lynch, Atlanta, Georgia. Assisted by Sarah Lloyd.
Office: (404) 231-2565, Toll Free: (844) 404-2401, fax: (404) 419-7726, e-mail: moc.lm@rehctelF_wehttaM
For more information please contact the Office of Gift and Estate planning at 706-542-8140 or ude.agu@ycagelagu
GIFTS OF BONDS
By using bonds to make your gift to the University of Georgia Foundation you may be able to reduce, or even avoid, income taxes. Savings bonds are normally taxed when they’re cashed in, reissued to another person, or reach their final maturity. Although savings bonds cannot be directly donated to a charitable organization during your lifetime, there are three easy ways to use your bonds to support the university:
- Redeem your savings bonds and use the cash equivalent to make a gift supporting the University of Georgia Foundation. By redeeming your savings bonds, you will trigger a tax liability to you on the interest income, but if you itemize, you will receive the benefit of a charitable tax deduction to help offset the additional taxable income.
- Leave the bonds to the University of Georgia Foundation through your will. Because we are a tax-exempt organization, we will receive the full value of the bonds, which could have otherwise been reduced by up to 35 percent for income taxes. For a small percentage of people, federal estate taxes might also reduce the amount available.
- Leave the bonds upon your death to a charitable remainder trust. Lifetime payments will benefit your chosen loved ones and then the balance will support our mission.
Our team is here to help
If you are interested in learning more about opportunities for supporting the university through a planned gift, reach out today or give us a call at 706-542-8140. We’re always happy to help answer any questions you may have.
Mike Cook
Senior Director, Gift & Estate Planning
mikecook@uga.edu
Patrick Knowles
Associate Director, Gift & Estate Planning
pknowles@uga.edu
Ryan Rasmussen
Trusts & Estates Coordinator
ryan.r@uga.edu
Lauren Schlesinger
Marketing and Stewardship Coordinator
lkschlesinger@uga.edu
Carrie Bero
Administrative Associate
cbero@uga.edu
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This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.
