Nurse listening to a newborn's heart

Securities

Give appreciated securities and gain tax benefits.

Giving appreciated securities is an easy way to support 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 mid-term 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:

  • Donor's name
  • Donor's address
  • Donor's account number
  • The date by which the donor wishes to complete the gift
  • The name, type and number of shares the donor would like to donate
  • The purpose of the gift (unrestricted or for the benefit of a particular school, center or program)
  • Originating brokerage's name

Transfer Information

Davenport & Company LLC
Attn: Chrissy Robles, Client Service Associate

Direct: 804-697-2940
Fax: 804-549-4940
Email: crobles@investdavenport.com

DTC #715
Account Number: 58197031
Further credit: Medical College of Virginia Foundation
MCV Foundation Tax ID #: 54-6053660

Please send a copy of your letter to:

Brian Thomas
Vice President and Chief Development Officer
MCV Foundation
1228 East Broad Street
P.O. Box 980234
Richmond, Virginia 23298-0234