Stocks / Securities

How You Can Give Stocks

Appreciated stocks and bonds are, next to cash, the assets most frequently donated to Barry. Making a gift of securities is both simple and tax efficient because you receive a double tax benefit.

How you can save taxes

With a gift of appreciated securities, you are entitled to a federal income tax charitable deduction if you itemize your return. For appreciated securities held longer than one year, you may deduct the full fair market value of your gift. You may use your deduction up to 30 percent of your adjusted gross income. Any unused deduction may be carried forward for up to five additional years if necessary.

A second tax benefit with a gift of appreciated securities is that you avoid any capital gains tax on your investment.

How you can make a gift of appreciated securities

If you hold the securities, mail or hand deliver the certificate(s)--without any endorsement or assignment--to:

Barry University Office of Institutional Advancement
11300 N.E. 2nd Avenue
Miami Shores, FL 33161-6695

Please enclose a letter stating the purpose of your gift.

In a separate envelope, mail or deliver to the same address a stock or bond power for each security, left blank except for your signature. You may obtain blank powers from the Barry University Office of Institutional Advancement at 305-899-3070, your bank, or your broker. Be sure to sign the power exactly as your name appears on the certificate or bond.

If your broker (or bank) holds your securities, he or she can call the Office of Institutional Advancement at 305-899-3070 for transfer instructions. Given the time delay and additional expense involved, you should not send securities to a transfer agent for transfer into Barry’s name.

For more information on giving stocks or securities, contact Cheryl Lawko, Director of Development for Major and Planned Gifts at 305-899-3070 or e-mail clawko@mail.barry.edu.