Receive a tax deduction for using stocks or mutual funds as gifts

Securities and mutual funds that have increased in value and been held for more than one year are one of the most popular assets to use when making a gift to University of Detroit Jesuit. Making a gift of securities or mutual funds offers you the chance to support our mission while realizing important benefits for yourself.

When you donate appreciated securities or mutual funds you have held more than one year to us, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.

Securities are most often used to support our work in the form of:

An outright gift. When you donate securities to U of D Jesuit, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent.

A transfer on death (TOD) account. By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime. (State laws govern payable on death accounts. Please consult with your bank representative or investment advisor if you are considering this type of gift.)

Legal Name: University of Detroit Jesuit High School and Academy
Address: 8400 S. Cambridge Ave. Detroit, MI 48221
Federal Tax ID Number: 38-1360587

Please complete the form below to inform U of D Jesuit of your intent to make a gift. A copy of the form will be emailed to you, which you can forward to your broker. It will include broker delivery instructions.

 

Required

Notice of Intent to Make a Gift of Securities

BROKER DELIVERY INSTRUCTIONS:

(DTC eligible securities only, for all other types of securities please call Jeff Yost or Jennifer Smiljanich at SJS-Investment Consulting, Inc., phone 419-885-2626)

The following are the DTC instructions for the University of Detroit Jesuit for transfer of stock to the U of D Jesuit broker, Charles Schwab & Co., Inc.

DTC# 0164
Charles Schwab & Co., Inc.
Account # 5905-1721
Account Name: University of Detroit Jesuit High School and Academy
Reference: (name of donor)

 

Please call Jeff Yost or Jennifer Smiljanich at SJS Investment Services, phone 419-885- 2626, if you have questions about the gifting process.

MEMO TO: Jeff Yost or Jennifer Smiljanich at SJS Investment Services
PHONE: 419-885-2626
FAX: 419-885-2236
RE: GIFTS OF SECURITIES THE FOLLOWING INDIVIDUAL(S) WILL BE MAKING A GIFT OF SECURITIES TO: University of Detroit Jesuit High School and Academy - Tax ID # 38-1360587

DONOR INFORMATION:

Namerequired
First Name
Middle
Last Name

SECURITIES INFORMATION

Approximate Share Value in U.S. Dollars​