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GIFTS OF STOCK

 

Donating stock to The Miami Project is a great alternative to cash. Instead of selling it and letting Uncle Sam enjoy the benefits of the gain, donate the stock to The Miami Project and enjoy the tax savings of the charitable donation yourself.

 

When donating appreciated stock to a charitable organization like The Miami Project you do not have to recognize the gain. It’s a win-win situation: you are able to make a charitable contribution toward The Miami Project’s mission to cure paralysis and avoid tax on the appreciation in value of the stock. 

 

If you would like to make a donation of securities to The Miami Project to Cure Paralysis, there are two options available to you. Please choose your preferred method and follow the instructions below.

 

OPTION #1 – Physical Delivery
If you have physical securities, you may deliver them in person, via registered mail, or by courier to:

The Miami Project to Cure Paralysis
1095 NW 14th Terrace (R48)
Miami, FL 33136

If the certificates are registered in any name other than the University of Miami, the donor may endorse the security directly or execute a separate power to transfer ownership. The signature or signatures on the certificate or power must correspond exactly with the name or names registered on the security. The above signature(s) of the person(s) executing the Assignment must be guaranteed by a commercial bank, broker or trust company, bearing the "Medallion Guarantee."

 

If the certificates are registered in your name, it will be necessary for you to provide an Irrevocable Stock/Bond Power Form. If donating stock in multiple companies, please complete a separate form for each. For your protection, we recommend that you forward the securities and the irrevocable stock power form under separate cover. Please include your Gift Notification Formin the same package with the certificates.


OPTION #2 – Electronic Transfer for Stocks and Bonds
To electronically transfer stocks and bonds to The Miami Project to Cure Paralysis, simply make a request in writing to your broker. Please direct your broker to transfer your securities to the following account:

 

 

Broker

   Ameriprise Financial

               Depository Trust Company #0756

 

Crediting:  University of Miami Gift Clearing Account #34864485 for The Miami Project to Cure Paralysis only

 

ATTN:       Dustin Young

      Ameriprise Financial

      Miami, Florida

      Direct: (305) 663-2339

      Toll Free: (866) 365-7409

    

      Please instruct your broker to include your name, type of shares, tentative date of transfer, purpose/designation of gift, 
               name of brokerage firm and broker's name and phone number in the delivery instructions.

 

So that we are able to ensure proper acknowledgement of your gift for income tax purposes, please contact our Director of Annual Giving at (305) 243-7147. The information provided should include a description of the securities donated, the number of shares of stock or face amount of bonds, your name, address, phone number, and email address, if available.

 

To further discuss gifts of stock or if you have any questions, please call our Director of Annual Giving at (305) 243-7147.

 
 
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