College Gift of Stock
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UT Austin College of Engineering -- Giving to the College -- Gift of Stock Skip to Main Content Skip to Section Navigation Search Search Engineering Home > Giving to the College > Friendsof Alec > Gift of Stock Friends of Alec Alec's Story Austin Area Businesses Gift Designations Life Endowments Matching Gifts Gifts of Stock Pledgecard Staff Giving to the College Quick Links Quick Links Engineering Home Engineering News Academic Departments Prospective Students Current Students Faculty Staff Alumni The College Our Faculty & Staff Research Directory Continuing Education Corporate Relations Giving To The College Gift of Stock A gift of appreciated stock is an excellent way to support the College while simultaneously avoiding a capital gains taxtaking a charitable deduction. Outright gifts of marketable securities for current operations or endowments can be made in several ways: If the donor has a broker, the donor should advise the broker that he or she wants to make a gift to The University. Preferably, this request should be in the form of a letter, containing the following information: The name of the stock; The number of shares; The donor's name and address; and What the stock will be used for. The stock gift will actually be made to the Board of Regents of The University of Texas System for the use and benefit of The University of Texas at Austin. The donor's letter should tell the specific use/purpose for the gift. In the letter to the broker, it is advisable for the donor to copy the Engineering Foundation at: College of Engineering UT Austin ECJ 10.324 Austin, TX 78712 The donor's letter should instruct the broker to call the UT System Office of Estates and Trusts at (512) 499-4346 for instructions to transfer the stock. If the donor does not have a broker, the unendorsed stock certificate should be sent via Federal Express, or similar guaranteed overnight delivery service, to: Ms. Bernice Croft The University of Texas Development Office Campus Mail Code: F1000 Austin, TX 78712 Additionally, the donor should sign a Stock Power, in blank, identical to the way the name is listed on the stock certificate. The Stock Power should be sent separately in the same manner to the address above. It is stressed that the Stock Power should be signed in blank; for example, the name of the transferee should not be entered on the Stock Power. This allows the Board of Regents to sell the stock immediately upon receipt; thus, quickly locking in a sales price for the gift. If the donor does not have a Stock Power, The University can provide one. Once the signed Stock Power and the stock certificates are in the UT System Office, the gift can be processed. If you have questions about a stock gift, please contact the Engineering Foundationoffice at 512-471-3395 or ut@engr.utexas.edu or Bernice Croft ,Development Office, (512) 475-9667. UT Directory | UT Offices A-Z | Campus & Parking Maps | Calendars | Accessibility | UT Direct Last Updated: August 19, 2004 | College of Engineering at The University of Texas at Austin | Engineering Contacts | Send comments
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