Reunion 2008
Gifts of Securities
Tax Benefits
Your gift may provide you with Federal and State income
tax benefits. If you itemize deductions on your federal
income tax return, you may be able to deduct your
contribution to the Stephen M. Ross School of Business
at the University of Michigan from your adjusted gross
income. In addition, gifts of appreciated securities
avoid long-term capital gains tax. Check with your tax
advisor for deduction and capital gains tax requirements
and limitations for your situation.
Valuation
The value of your securities gift will be the average of
the high and low trading prices on the official date of
your gift. The date of the gift is the day the
University assumes ownership of the security.
Procedure
The Depository Transit Clearinghouse (DTC) information
for the transfer of stock to the University of
Michigan’s broker, Merrill Lynch, is as follows:
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Broker: Merrill Lynch
DTC #: 5198, Agent ID #: 06800
FREE DELIVERY
Subject: Regents of the University of Michigan
Account #: 77C-04J96
Reference: "DONOR NAME" and Ross School |
If you have additional questions about making a gift of
securities, please contact the University of Michigan Gift
Administration Office toll-free at 877-647-9090 or email
umgiftsec@umich.edu.
Thank you for your support of the Ross School!
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