Giving publicly traded securities is one of the easiest ways and most tax-savvy ways to support John Carroll. When you donate long-term appreciated securities, you may be able to take a charitable deduction for the stock's fair market value on the day you give it away. In addition, you might avoid paying capital gains tax. Please consult your personal tax advisor for all tax deduction questions.
- Provide written instructions to your bank or broker. Please indicate the purpose of your gift (Carroll Fund, scholarship, or other designation).
For example: Per our recent telephone conversation, I wish to make an irrevocable gift to John Carroll University to support the Carroll Fund with “x” shares of “XYZ Corporation”. Please transfer the stock to John Carroll University via DTC as follows:
Morgan Stanley Smith Barney
DTC# 0015
John Carroll University
Account #305-108150-553
Attn: Lindsay Necci, Diane Stazzone or T.J. Johnson
216.523.3005
888.224.9599
440.540.4496 (fax)
Lindsay.Necci@morganstanley.com or Diane.Stazzone@morganstanley.com
- To avoid confusion on donated stock gifts please notify John Carroll University of the instructions you provide to your to your broker by sharing the same information with Advancement Services. We would like to know the name of the donor, either the stock being given or the approximate value of the stock(s) being given, and the purpose of your gift.
Please contact:
Bridgette Chicone, Gift Accounting and Data Entry Specialist
Email: bchicone@jcu.edu
Phone: 216.397.4338
- For Fedbook entries for Government & MBS Securities:
ABA 021000018
BK of NYC/MSACAT
FFC 305-108150-553 – John Carroll University
