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Transfer of Securities

The giving a gift of stock, bonds, or mutual funds can benefit you as well as the School.

  • A gift of bonds or of stocks and mutual fund shares that have been held longer than a year gives you a deduction against income tax at the full gift value. Under current IRS regulations, this value is the mean of the high and low trading prices on the date of the gift, multiplied by the number of shares given. For mutual fund shares, it is the last public redemption price or bid quoted on the date of the gift.
  • Such gifts provide you with a second tax benefit — all capital gains tax on the appreciation is avoided.

We encourage you to learn more about how a gift of stock, bonds, or mutual funds can be beneficial to both you and your school. As always, if you have any questions, please contact Heather Waters at 315-443-7773.

Stocks

Prior to transferring securities, please contact the Office of Advancement Services. The University must know the name of the stock and the number of shares to ensure proper identification and recording of the donor’s gift.

If your broker or bank holds the stock:

  1. You must send your bank or broker a letter of authorization (DOC) letting them know the name of the stock and the number of shares you want to transfer to Syracuse University. 
  2. Once you have spoken with your agent, call the Senior Director of Advancement Services at Syracuse University at 315-443-1718. The University needs to know the name and telephone number of your agent, the name of the stock, the number of shares, and where you're directing your gift (to the School of Education).
  3. As soon as we have received your telephone call, we will call your agent with instructions for transferring the stock. For audit purposes, a letter including this information should also be sent as written confirmation to:
    Senior Director of Advancement Services
    Syracuse University
    Syracuse, NY 13244

If you hold the certificates in your own name:

  • You can deliver certificates by hand to the School of Education, 250 Huntington Hall. Please include a note identifying where you are directing your gift (to the School of Education).
  • You may also mail them by first-class U.S. mail, without any endorsement or assignment to:
    Barbara L. Wells, Treasurer
    Syracuse University
    Skytop Office Building
    Syracuse, NY 13244
    In a separate envelope to either the School of Education or to the Treasurer, include one signed stock power for each certificate. Do not complete any other line on the stock power, except your signature, which must match your name on the front of the certificate.'

Stock Transfer Delivery Instructions (PDF)

Please note the following for all stocks:

  • Do not ask your agent to sell stock on your behalf and transfer the proceeds to SU. If you do, it will be treated as a cash gift and capital gains tax on the appreciation will have to be paid.
  • It is strongly recommended that you not have the certificates re-registered in the University's name. It is unnecessary and will delay transfer by several weeks, which may affect the gift value.
  • It is not advisable to give stock that has decreased in value. It is better to sell the stock and give the proceeds to SU so you can take advantage of the capital loss for tax purposes.

If you have questions or concerns, please contact Heather Waters at 315-443-7773

Bonds:

Registered Bonds on which your name appears may be sent in the same manner as a stock, listed above.

Bearer Bonds on which no name appears must be sent by registered mail with a notarized letter stating you are transferring the title to Syracuse University.

  • Senior Director of Advancement Services
    Syracuse University
    Syracuse, NY 13244

Please include proof of ownership, such as a bill of sale, and make sure to identify the School of Education in directing your gift

If you have questions or concerns, please contact Heather Waters at 315-443-7773.

Mutual Funds:

Mutual funds are handled on a case-by-case basis. For information please contact:

Syracuse University Tax ID Number: 15-0532081

If you have questions or concerns, please contact Heather Waters at 315-443-7773