Gifts of securities

Giving appreciated securities is an easy way to make a gift to the MCV Foundation and derive considerable tax benefits, including:

• A charitable tax deduction equal to the fair market value of the securities at the time of your gift
• Avoidance of the capital gains tax on the increase in value
• Reduction of the cost of the gift when a long- or midterm appreciated stock gift is made

If your securities are held electronically with your broker, send your broker a letter authorizing the transfer (not sale) of shares of specific stock(s) to the MCV Foundation’s main brokerage account.

The authorization letter should include:

• Your account number
• The date by which you wish to complete the gift
• The name and number of shares you would like to donate
• The purpose of your gift (either unrestricted or for the benefit of a particular school, center or program)
• The following transfer information:

Davenport & Company
Attention: Winston Holt
DTC#715
Account Number 58197031

Please send a copy of your letter to:
Jennings D. Dawson III
Chief Financial Officer
MCV Foundation
P.O. Box 980234
Richmond, Virginia 23298-0234
E-mail: jddawson@vcu.edu

If you wish to make a gift of securities in certificate form, please contact  Mr. Dawson to arrange for delivery.