Gifts of Stocks, Bonds & Mutual Funds

Gifts of Stocks, Bonds & Mutual Funds


Gifts of publicly-traded securities, closely held stocks, and mutual funds not only can benefit Villanova, but can also be structured in ways that will be extremely beneficial to you by minimizing taxes.

 

Stock and Wire Transfer Instructions

Please notify Janet Duffy, Associate Director of Gift and Pledge Processing, prior to transferring stock and securities with the number of shares and type of stock.

Janet can be reached at 610-519-4573 or janet.duffy@villanova.edu.

 

Stock and Securities Transfers

Villanova’s account is brokered by Patrick Cahill at Merrill Lynch (610-668-6167).

DTC Number: 8862

Account Name: Villanova University

Account Number: 870-04529

VU Tax Number: 23-1352688

 

Wire Transfers

Villanova’s account for wire transfers is located at Wells Fargo, N.A., 123 Broad Street, 1st Floor, Philadelphia, PA 19109.

ABA Routing Number: 121000248

Account Number: 2000038131428

 

Vanguard Mutual Fund Transfers

Please complete Vanguard’s letter of instruction for gifts of securities form and send to Villanova for processing.


Forms can be sent via email to Janet Duffy at janet.duffy@villanova.edu

 

Publicly-traded Securities

Gifts of readily marketable securities that have appreciated provide an excellent means of benefiting the University while improving your tax picture. When you give such securities to the University (rather than selling them and donating the proceeds), these gifts will be credited at the full fair market value based on the average of the high and low quoted selling price on the day you relinquish control of the asset to the University. The University’s general policy is for securities to be sold immediately by the University through its agent or representative.

 

Closely-held Securities

Gifts of closely-held securities can be made in a way that benefits Villanova while providing the donor with tax benefits. Gifts of securities that are not publicly traded will be accepted at the discretion of the University on a case-by-case evaluation of the conditions affecting the eventual sale of the securities by the University. Such gifts will be credited at fair market value as determined by a qualified, independent appraiser secured and compensated by the donor. If restrictions are placed on the securities by the donor or by the terms of the securities themselves, acceptance of the gift shall be subject to prior approval by the University.

 

Mutual Funds

Donations of mutual funds result in benefits that are similar to donations of stocks, though the transaction time is often lengthier. If you are making donations of mutual funds to count during the tax year, it is a good idea to allow up to six weeks for the transaction. Shares of mutual funds will be credited at the net asset value of the shares on the gift date.

Matching Gifts

Many employers sponsor matching gift programs and will match any charitable contributions made by their employees.

If your company is eligible, request a matching gift form from your employer, and send it completed and signed with your gift. We will do the rest. The impact of your gift to our school may be doubled or possibly tripled! Some companies match gifts made by retirees and/or spouses.