Gifts of appreciated securities or mutual funds to the UMKC Foundation can provide significant support for an area of your designation at the University of Missouri – Kansas City.
Gifts of securities may be used to support the annual fund, establish an endowment, provide unrestricted support or other learning opportunities and initiatives.
A gift of appreciated securities may qualify for a charitable tax deduction and may help to avoid long-term capital gains tax on the appreciated value. Stocks or bonds held for a year or longer that have increased in value may qualify for a deduction similar to the value of the gift. Consider transferring your securities directly to UMKC Foundation.
How to Make a Gift of Securities Electronically
- If your broker, banker or other agent is holding your securities in your account, please consult with them to transfer the security to the UMKC Foundation account with the following delivery instructions:
DTC # 0226
National Financial Services LLC
For Credit to Account #: 026-661554
Client Account Name: UMKC Foundation
The date of the gift will be the day that the stock is received in the UMKC Foundation’s brokerage account. Transactions may take up to 3 – 5+ business days. Mutual funds may take longer than equity security transactions, so please allow sufficient time to complete the transaction.
2. To ensure you receive proper acknowledgement, please contact Katherine Walter in the UMKC Foundation office to convey your name, security, number of shares and intent. You may wish to complete a formal 2018 Stock Gift Transfer Form to the UMKC Foundation providing the intended purpose of your gift.