Instructions to make gifts of stock. [Adobe PDF file]

Instructions to make gifts of mutual funds [Adobe PDF file]

Stocks, bonds and mutual funds fall into the category of Securities.

Income tax deductions are available for the fair market value of donated Securities rather than their cost basis. Giving Securities that have increased in value is a beneficial way to assist the University while bypassing the capital gains tax that would be due if you simply sold the specific Security.

Stock certificates can be reassigned directly to the University of Kentucky, or can be transferred through your broker. Currently, gifts of appreciated Securities can be tax deductible up to 30 percent of your adjusted gross income. Any unused portion of the gift deduction can be carried forward for up to five additional years.

Special arrangements are available for donors making a gift of stock in a closely-held corporation. This option works best when an individual owns highly-appreciated stock in a company that has substantial cash reserves.

For additional information regarding security gifting strategies, please contact:

Ford Stanley, Senior Director of Estate and Gift Planning, Executive Director of University of Kentucky Real Estate Foundation
(859) 257–7886