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Stock & Appreciated Securities

Contributions of long-term appreciated securities eliminate paying a capital gains tax on securities and entitle you to an income tax charitable deduction equal to the fair market value of the securities at the time of the gift. Because you avoid the capital gains tax, it is usually more advantageous to contribute appreciated securities directly than to sell them and give the net proceeds to Louisville Presbyterian Theological Seminary. When you give long-term appreciated securities, your income tax deduction is limited to 30 percent of your adjusted gross income for that year. However, you may carry over any excess contributions of long-term appreciated property for up to five additional years, subject to the 30 percent limitation rule.

You may make gifts of securities by electronic transfer, by mail, or liquidate the stock and send the proceeds to the Seminary. To assure proper crediting and distribution of your gift, or to have your questions answered regarding gifts of securities, please contact:

Linda Medley
Office for Institutional Advancement
1044 Alta Vista Road
Louisville, KY 40205-1798
1.800.264.1839, ext. 347
Fax: 502.895.1096
E-mail: lmedley@lpts.edu

There are three ways to make a gift of securities to Louisville Seminary. The first is most commonly used and considered the most expedient, but any of the three is acceptable.

  1. You can ask your bank and broker to wire securities to the Seminary's broker in Louisville. This is the fastest and most efficient way. A bank usually requires a letter of instruction from the donor, and other brokers who are in the DTC system have an Account Transfer Form for authorization. A bank or broker can wire a gift of stock to Louisville Seminary using the information below:    

    J.J. Hilliard, W.L. Lyons, Inc.
    4801 Olympia Park Plaza Suite 1000
    Louisville, KY 40241
    1.502.420.1400 or 1.800.395.5966

    Account Executive: DeWitt Ivins
    Account #53598385
    DTC #0768
    Louisville Seminary's Tax I.D. is #61-0444768

  2. You can send the stock certificate directly to the Seminary. Obtain a separate stock power from your broker. Endorse the stock power (which has the same information as the reverse side of the certificate). DO NOT ENDORSE THE CERTIFICATE! If it is lost or stolen, it is negotiable.
    Mail the certificate in one envelope and the "stock power" in another envelope to:

    Office of Seminary Relations
    Louisville Seminary
    1044 Alta Vista Road
    Louisville, KY 40205-1798
     
  3. You can have your broker liquidate the stock and send the proceeds to Louisville Seminary. Have your broker call Patrick Cecil, Vice President for Finance, or Linda Medley, Vice President for Institutional Advancement. The Seminary will establish an account with your broker and give instructions on the disposition of the stock. The Seminary will have to give the sell order to protect the deductibility of the gift for the donor.
The first two methods save Louisville Seminary brokerage fees through our agreement with Hilliard Lyons in Louisville for discount fees.

The stock will be valued at the average price of the day it reaches our account for gift valuation purposes. Any loss or gain, as well as any commission, will be borne by the Seminary.

The donor should also advise by letter as to the purpose of the gift.

 

  • 1044 Alta Vista Road |
  • Louisville, KY 40205 |
  • 800.264.1839 |
  • Fax: 502.895.1096 |
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