About gifts of stocks, securities, & mutual funds
Giving shares of appreciated stock, bonds, mutual funds, and other securities is an especially tax-wise way to make a gift to the University of Lynchburg.
If you have held securities for more than one year that have increased in value since acquisition, you will receive a charitable tax deduction equal to the current value. This allows you to avoid paying the capital gains tax you would owe on the gain in value if you sold the securities.
Gifts of securities are deductible for federal tax purposes up to a limit of 30% of your adjusted gross income.
Benefits
- Gifts of assets can often save you far more on taxes than gifts of cash
- Avoid all capital gains taxes
- Receive an income tax deduction for the value of the assets (if you’ve had them for more than a year)
- Make an immediate impact on our mission
How it works
- Transfer appreciated securities directly to us (and avoid all capital gains taxes).
- Receive a tax receipt for the value of the assets.
- The securities are sold and the funds put directly to use for greatest impact.
For additional information about giving securities, please contact Shawn Wood, assistant vice president for development, at 434.544.8450.
Make your gift over the phone, by mail or via a financial advisor
Ask your broker to donate through:
Davenport & Company, LLC
DTC number: 0443
ACCT name: University of Lynchburg
Tax ID#: 54-0505922
ACCT Number: DA4003178
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation.
Name: Shawn Wood
Title :Assistant Vice President for Development
Phone: 434-544-8450
Email: wood_sp@lynchburg.edu
Already included us in your estate plan? Let us know
More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).
Beneficiary designations
Gifting assets not covered by your will — like 401(k) or IRA accounts — may help your heirs avoid unwanted taxes, even if you’re below the estate tax threshold.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.