The donation of stocks and bonds are an effective way for our donors to support our university and students.
Long-term, appreciated securities are those you've owned for more than one year and have increased in value. Such a gift would entitle you to a federal income tax deduction for the full fair market value of the securities on the date of the gift, up to a maximum deduction of 30% of your adjusted gross income for the year if you itemize deductions.
Short-term securities are those you’ve held for less than one year. If you itemize, you will be entitled to a federal income tax deduction for only the purchase price of the securities.
Depreciated securities are those that have declined in value since you bought them. To gain maximum tax benefits from the gift, it is normally recommended that the donor sell these, take the tax loss, and donate the cash proceeds.
To make a gift of stock to benefit the University of Hawaiʻi, please instruct your broker to transfer via DTC (Depository Trust Company) a specified number of shares in kind to the University of Hawai‘i Foundation’s brokerage account at:
Attn: Carolyn Lee
Pauahi Tower Penthouse
1001 Bishop Street
Honolulu, HI 96813
Phone (808) 525-8320
Account Name: University of Hawai‘i Foundation
Account # 20M-04015
Attn: JJ Johnson
Charles Schwab & Co, Inc.
Honolulu Branch (HO)
700 Bishop Street, Suite 100
Honolulu, HI 96813
Phone (808) 532-0125
Account Name: University of Hawai`i Foundation
Account # 8994-1516
House Account # 00610094837
In the instructions, please ask your broker to mention:
- The name of the stock.
- The number of shares being transferred.
- Any special instructions for the use of the gift (program/unit, President's Club membership, unrestricted gift, special scholarship, etc.).
- Please notify the UH Foundation, preferably in writing, of the pending gift (number and description of shares) and its designation/purpose. (See sample letter.)
- The date of the gift will be the date the shares are actually received in the UH Foundation's account. The value of the gift will be the mean price (average of high and low prices) on that date. A receipt for the gift will be issued accordingly.
- It is the UH Foundation’s policy to dispose of the shares immediately. The net proceeds will be available for the designated purpose indicated by the donor.
Certificates held by the donor:
- Please deliver or mail the unendorsed certificate to the UH Foundation at P.O. Box 11270, Honolulu, HI 96828-0270. If the certificate is mailed, the please also mail under separate cover a blank stock power signed by the individuals named on the certificate. (This will prevent the securities from being readily negotiable.) The date of the gift will be the postmark date of the later of the two envelopes.
- The date of the gift will be the date of the certificate. Upon receipt, the certificate will be forwarded to Merrill Lynch for disposition.
- If you are making a gift of mutual funds, please find out the exact name of the fund/s. Each fund family has its own rules for transfer of shares. We may have to open an account with the mutual fund company to accept and dispose of the shares. Please call (808) 956-6714 for further assistance.
Please send a copy of these instructions to:
Attn: Ryan Lucina
P.O. Box 11270
Honolulu, HI 96828-0270
Fax: (808) 956-9786
You can also fax these instructions to (808) 956-9786, so your gift can be properly credited and acknowledged.
To learn more, please visit Estate and Gift Planning, call (808) 956-8034, or email Michael Coppes, JD, Director of Estate and Gift Planning.