Gifts of securities can mean significant tax benefits for donors. For example, contributions of appreciated securities held for over a year are generally deductible at market value, regardless of what the donor paid for them. The capital gains tax is avoided through such a gift as well. You are welcome to reach out to Nic Katona, Vice President for Advancement & Alumni Engagement, at (320) 308-4072 or nic.katona@stcloudstate.edu to discuss your gift.
To notify St. Cloud State of a gift of securities, please contact Connie Robinson, Director of Finance, with complete donor information (name, address, phone number), the name and type of securities to be gifted (public, mutual fund, etc.), the number of shares, and the date you intend to make the gift.
Connie Robinson
Director of Finance
St. Cloud State University Foundation
Lewis House
connie.robinson@stcloudstate.edu
(320) 308-4818
To transfer securities to the St. Cloud State University Foundation via DTC, please use the following instructions:
Deliver to:
St. Cloud State University Foundation, Inc., Expendable Account
DTC #: 2803
Account #: 080017777200
Account Tax ID #: 41-6019040
Donor Name & Address:_______________________
In order to promptly and accurately credit a security gift to the appropriate donor, it is essential that the transfer instructions include the donor’s name and address. Without this information, we are occasionally unable to identify the donors of certain securities.
Please contact Nic Katona, Vice President for Advancement & Alumni Engagement, at (320) 308-4072 or nic.katona@stcloudstate.edu about whether your gift is to be unrestricted or designated to a specific fund.
If your broker requires further information, they should contact US Bank at the above address.
Stocks and bonds may be sent to the St. Cloud State University Foundation by certified U.S. mail with return receipt requested.
If the donor is the registered owner of the certificate, a Stock and Bond Power signed by the owner, exactly as the name appears on the certificate, with a Medallion signature (which you can obtain through a bank or broker) must be provided. To ensure your security, please mail the certificate and Stock and Bond Power separately.
If the stock or bond has already been registered to the St. Cloud State University Foundation, no Stock and Bond Power is necessary. However, in order for the Foundation to properly credit the gift, a letter identifying the donor is essential.
In instances where a stock or bond is to be registered to the St. Cloud State University Foundation before it is mailed to us, you will be required to supply the transfer agent with the following mailing address and taxpayer identification number:
St. Cloud State University Foundation
Lewis House
720 Fourth Avenue South
St. Cloud, MN 56301
ID #: 41-6019040
Securities gift forms are available by contacting:
Connie Robinson
Director of Finance
St. Cloud State University Foundation
Lewis House
connie.robinson@stcloudstate.edu
(320) 308-4818
Valuation Method
The value of a stock gift is calculated by averaging the high- and low-quoted selling prices for the stock as of the gift valuation date.
Physical Securities
The gift valuation date for physical securities is determined by the postmark on the envelope used to mail the securities. For hand delivery of securities, the gift valuation date is the date the securities are turned over to University representatives.
Electronic Transfers
The gift valuation date for securities sent to us via DTC is the date the securities are deposited into our US Bank account.
Mutual Fund Transfer
The gift valuation date for mutual fund units is the date they are deposited into our US Bank account or into a mutual fund account in the University’s name.
Make a direct and immediate impact for SCSU today.
Find out how to make your gift by mail or telephone.
Increase your impact through your employer's matching gift program.
Learn how to make a tax-advantaged gift of securities.
Contact Josh Lease at (320) 308-4970 to discuss your philanthropic legacy.
Join with our faculty and staff in supporting St. Cloud State.