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 Rhodes.
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 the Rhodes Vision today
Making a Gift of Stocks and Bonds
By Electronic Transfer - Below is the information you need to transfer a gift of stock to Rhodes. It is also helpful if you notify the college about your gift, including the number of shares and the name of the stock being transferred. Please email Leslie Adams at [email protected] or call 901-843-3531 or 1-800-264-LYNX (5969) for additional information.
Broker:
LPL Financial
120 3rd Avenue South
Franklin, TN 37064
DTC#: 0075
Acct#: 2237-0426
Acct Name: Rhodes College
Contact: Scott Williams
Email: [email protected]
Office: 615-224-3329
Fax: 615-224-3419
Cell: 901-626-9891
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.
