Thank you for considering a gift of stocks or securities to Mid-America Christian University! Donated appreciated property can save significant dollars when filing your federal taxes, and MACU is prepared to receive your gift through Argent Trust Company, our broker for receiving gifts of stocks and securities.
When securities are received by the broker, MACU is not always notified of the donor’s name or the designation of the gift. Therefore, to ensure accurate tracking and acknowledgment of your gift of securities and stocks, please complete the Securities Gift Information Form and submit it to MACU via fax, email or postal mail PRIOR to initiating the gift through your broker.
If we do not receive proper notification of a gift, the securities will be sold and the proceeds placed in our gift liquidation account for 90 days or until properly identified. If no information is given for the designation of a gift of stock, the funds will be used at the discretion of the administration.
Instructions and process for making gifts of stocks and securities are as follows:
- The date of the gift is the day it was received into MACU’s brokerage account.
- Complete and return to MACU the Securities Gift Information Form
- Check with your broker regarding forms and the process necessary for you to transfer a gift of stocks or securities to MACU’s brokerage account. Your broker will have a protocol for processing the transfer of stocks. If a letter is needed, the Stock Transfer Letter might be useful to you.
- Initiate the stock transfer with your broker.
- When your gift is received into MACU’s brokerage account, it will be immediately liquidated by the broker.
- You will receive a letter detailing your gift, which will include the stock name, the number of stocks donated, and the date of gift. According to IRS guidelines, MACU will not cite the value of the stocks given.