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Gifts of Stocks and Securities

Giving appreciated securities is a convenient way to support the Mount while gaining tax advantages.

How to Give Securities

Options for Electronically Transferring Stock

  1. Your Broker can transfer your securities to the firm with a Mount St. Mary's account. Mount St. Mary's University federal tax ID number (52-0591672).
  2. Your Broker could choose to set up an account at your brokerage firm in the name of the University and transfer your securities into this account, sell the securities, sending the proceeds to the university.
The average of the high and low of your securities on the day of transfer is the amount credited to you as your gift to the university.

Broker:

Summit Brokerage Services, Inc.
595 South Federal Highway, Suite 500
Boca Raton, FL 33432
Email: mriggs@hancapmgmt.com
Phone: (717) 637-0227

DTC Number: 0443
Account Name: Mount St. Mary's University Donation Account
Account Number: HPH153972

We would appreciate it if you or your broker would notify the Director of Development at (301) 447-5361 of the approximate date of the transfer.

Securities Notification

Unfortunately, when funds are transferred electronically, the donor's name is not always included in the transfer information. By letting us know of your gift, we will be able to properly match the stock that we received with your gift record. Please call, email or write to us with the following information, or fill out the online Securities Notification form:

  • Name of stock transferred

  • Number of shares

  • Brokerage firm stock transferred from

  • Approximate date of transfer

  • How you would like the gift used at Mount St. Mary's University

Tax Advantages

  • You receive an income tax deduction for the full market value on the date of the gift, provided you have owned the securities for more than 12 months.

  • Most donors avoid capital-gains tax otherwise due on the sale of the securities.

Kim Johnson, MBA'18
Director of Development
P: 301-447-5361
F: 301-447-7400