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Gifts of Stocks and Bonds

Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Lake Superior State University Foundation.

Gift of Stock and Bonds
Stocks/Bonds
LSSU Foudation
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Benefits of gifts of stocks and bonds

  • Avoid paying capital gains tax on the sale of appreciated stock
  • Receive a charitable income tax deduction
  • Further our mission today

How to make a gift of stocks and bonds

By electronic transfer - Please contact us for instructions on how you can transfer stock or bonds from your brokerage or investment account to Lake Superior State University Foundation.

Broker:
Bill McLeod
Edward Jones Investments
2700 Davitt St, Suite 1
Sault Ste. Marie, MI 49783
906-632-4985 (office)

The DTC number is: 0057
Our account number is: 498-03736-1-9
Our tax identification number is: 38-2576021

NOTE: An electronic transfer of stock to the LSSU Foundation will NOT identify the donor at the time of trade. Please help us to give you proper credit and acknowledgment by notifying us of your donation.

It is the policy of the LSSU Foundation to sell stock upon receipt.

By certified mail - If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.

More on gifts of stocks and bonds

There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.

Contact us

If you have any questions about gifts of stocks and bonds, please contact us. We would be happy to assist you and answer any questions that you have.

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