Smart Giving – Donating Via Stock and IRA to the University of Saint Mary

When it comes to charitable donations, many people overlook one of the most beneficial ways to give: donating stock. If you’ve held stock for over a year and it has increased in value, donating it can offer significant tax advantages. Here’s how it works and why you might want to consider this savvy way to support the University of Saint Mary.

Donating Appreciated Stock: A Win-Win
Let’s say you initially invested $2,500 in stock, and over 10 years, the value of those shares grew to $5,000. Instead of selling, consider transferring ownership of the stock directly to USM. By doing this, not only do you avoid the capital gains tax, but you can also claim the full $5,000 as a charitable contribution on your taxes.

To donate stock to the University of Saint Mary, follow these steps:

1. Contact your financial advisor, broker, or transfer agent.
2. Deliver the stock via DTC to:
   Charles Schwab & Company, Inc.
   DTC #: 0164, Code 40
   For credit to account: 7227-1257
   Client account name: University of Saint Mary
   FBO: University of Saint Mary

Because donor information isn’t always included in stock transfers, make sure to notify USM of your gift.

Donating Through Your IRA
Another tax-efficient way to support USM is by making a qualified charitable distribution (QCD) from your Individual Retirement Account (IRA). For those 72 and older, this distribution counts toward your required minimum distribution (RMD) without counting toward your taxable income. You must be 70 ½ or older at the time of giving.

Steps for IRA Giving:

1. Contact your IRA administrator and request a qualified charitable distribution.
2. Provide this information to direct the funds to USM:
   University of Saint Mary Advancement
   4100 S. 4th Street
   Leavenworth, KS 66048
   Fed Tax ID#: 48-0547846

Ensuring Proper Credit for Your Donation
To ensure your donation – whether through stock or IRA – is properly credited and used according to your intentions, please call 913-758-4328.

By taking advantage of these smart giving strategies, you not only maximize your tax benefits but also make a lasting impact on the University of Saint Mary and its mission.