Stock & Mutual Fund Gifts

Gifts of appreciated securities can be a wonderful way to support Simmons University, while also providing tax benefits to the donor. Gifts of appreciated securities are tax deductible at full fair-market value if the donor has owned the asset for at least one year. To avoid capital gains taxes, you must transfer the securities themselves, not the proceeds of their sale.

To transfer outright gifts of stock electronically, please contact Cate McLaughlin or Jennifer Rice,. It is important to alert Simmons University prior to making your gift to ensure that Simmons is able to credit your gift to you in a timely manner. Informing your broker does not guarantee that we will be able to make the connection, as gifts of securities are usually transferred without including the donor's name.

In accordance with IRS guidelines, the date of the gift will be the date that Simmons University assumes ownership of the shares. The value of the gift is determined as the average of the high and low listings for the stock on that date.

To transfer mutual fund shares, stock shares in certificate form, closely held or restricted stock, or to create a planned gift using securities, please contact the Office of Planned Giving at 800-831-4284.

Donor Advised Fund Gift: A DAF is a charitable account, sponsored by a public charity, which donors use to support their philanthropy. After establishing a donor-advised fund, the donor may recommend grants to qualified public charities. They may also advise the sponsoring organization (e.g., Fidelity Charitable, Schwab Charitable or Greater Kansas City Community Foundation) on the investment strategy for the charitable assets. A sponsoring organization is 501(c)(3) public charity that sponsors a donor-advised fund program, which often consists of thousands of individual DAF accounts.