Gifts of publicly-traded securities, closely held stocks, and mutual funds not only can benefit Villanova, but can also be structured in ways that will be extremely beneficial to you by minimizing taxes.
Gifts of readily marketable securities that have appreciated provide an excellent means of benefiting the University while improving your tax picture. When you give such securities to the University (rather than selling them and donating the proceeds), these gifts will be credited at the full fair market value based on the average of the high and low quoted selling price on the day you relinquish control of the asset to the University. The University’s general policy is for securities to be sold immediately by the University through its agent or representative.
Gifts of closely-held securities can be made in a way that benefits Villanova while providing the donor with tax benefits. Gifts of securities that are not publicly traded will be accepted at the discretion of the University on a case-by-case evaluation of the conditions affecting the eventual sale of the securities by the University. Such gifts will be credited at fair market value as determined by a qualified, independent appraiser secured and compensated by the donor. If restrictions are placed on the securities by the donor or by the terms of the securities themselves, acceptance of the gift shall be subject to prior approval by the University.
Donations of mutual funds result in benefits that are similar to donations of stocks, though the transaction time is often lengthier. If you are making donations of mutual funds to count during the tax year, it is a good idea to allow up to six weeks for the transaction. Shares of mutual funds will be credited at the net asset value of the shares on the gift date.
If you are considering making a gift from your securities portfolio, it is important that you arrange for a direct transfer of your securities to Villanova and not sell (or instruct your broker to sell) the securities first. To assure a smooth transfer, please contact Janet Duffy, Coordinator of Gift & Pledge Processing, at 610-519-4573 or e-mail firstname.lastname@example.org, and she will be happy to give you specific instructions.