TRANSFERRING SECURITIES TO MUM
Making a gift of stock to support MUM can save taxes twice
A gift of appreciated stock to the University eliminates the capital gains tax on the appreciated value of the stock if you have held the securities for more than one year. You will also receive an income tax deduction for the full market value of the donated shares at the time of the gift.
If your shares of stock are in a brokerage account, you will need to provide your broker with the following information:
DTC #443, Pershing LLC, for the benefit of Maharishi University of Management, Account No. QGW-002404.
It is important when making a gift of stock that you inform MUM in advance, so that the gift will be properly credited when received. To advise of an anticipated stock gift, please send a fax, letter, or e-mail to the Development Office with the following information:
- Your name
- Name of stock gifted
- Number of shares
- Designation of the gift
- Approximate date to transfer stock
Please send this information to:
Co-Executive Director of Institutional Advancement
Maharishi University of Management
1000 North 4th Street
Fairfield, IA 52557
If you have the stock certificate(s) in your possession or would like to gift shares of a mutual fund, please contact the Development Office, by using the contact information provided above.