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Each year, many donors choose to make gifts for the benefit of James Madison University using appreciated stock or mutual funds that have been held for more than one year.  Such gifts often offer donors greater tax advantages than gifts of cash or other resources.  A donation of securities allows you to reduce or possibly eliminate the federal capital gains tax on the transfer and may allow you an income tax charitable deduction.

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When making a gift of securities we ask that either you or your broker contact the JMU Foundation to share information on your intended gift, including the anticipated number of shares, name of the company and any designation or restriction on your gift.  You may call (888) 303-9939 or (540) 568-3187 or email jmuf@jmufoundation.org.

You may use either one of these forms for notification to the JMU Foundation:

Stock Donation Form (online submission)
Stock Donation Form (available for download)

Please advise your broker to direct the transfer of stock or mutual fund shares to the following account:

                                    Wells Fargo Advisors, DTC #0141
                                    Account #PHHS 4465-1650
                                    Account Name:  James Madison University Foundation, Inc.
                                    Attention:  T. Edgar Sipe, Sr. Vice President - Investments, or
                                    Ronald E. Holsinger, Managing Director – Investments
                                    2011 Evelyn Byrd Avenue
                                    Harrisonburg, VA  22801
                                    Toll-Free – 800-879-9926  

The value of your stock gift will be calculated by averaging the high and low trading prices of the stock on the date of the gift.  The value of a gift of mutual fund shares will be the Net Asset Value (NAV) of the mutual fund as of the end of the day on the date of the gift. The date of the gift is the date the securities are credited to our brokerage account.

If your stock is in certificate form, please contact the JMU Foundation at (888) 303-9939 or (540) 568-3187 for appropriate instructions. 

 

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