Securities

Gifts of publicly traded securities that have appreciated in value allow you to avoid capital gains taxes while also receiving a tax deduction for your gift. Plus, you can specify an area that you would like the proceeds to support or have them contributed to the general fund. The university benefits by selling the stock without paying taxes on the gain, and you benefit from making a contribution that would be larger than what you might have been able to donate in cash.

The following are the DTC instructions for the University of Michigan for transfer of stock to the university’s broker, Bank of New York Mellon.

DTC# 0443
Pershing, LLC
Account # N7M001483
Account Name: University of Michigan
Reference: (name of donor)

Before a transfer of stock is made, we ask that you please notify us at umgiftsec@umich.edu with the name of stock(s), number of shares, and gift designation(s) so we may monitor our account for the expected transfer and process your gift accurately.

Please note that these instructions are applicable for giving to benefit any of the university's schools, colleges, and units. The university has been hired by the Alumni Association to process gifts to its LEAD Scholars Program and these instructions are applicable for those gifts as well. 

If you intend to transfer mutual fund shares to the university, please contact us ahead of time with the mutual fund name and symbol. Certain mutual funds are not transferable to the university’s account with Bank of New York Mellon and special accommodations may need to be made for your gift.

Additional information you may find useful:

Tax ID: 38-6006309
Receiving Institution Address:

Pershing LLC

One Pershing Plaza

Jersey City, NJ 07399 

Broker Contact:

Jorja Watts

BNY Mellon Capital Markets, LLC

412.234.0439

 

Valuation: For internal university recognition purposes, the gift value is determined by using the mean between the highest and lowest quoted price on the date the shares are received in the university’s account. You will need to consult with your tax advisor to determine whether to use this value or another value for tax purposes. Please see IRS Publication 561 for additional details.

If there are any questions, please don’t hesitate to contact the Gift and Records Administration Securities Team at 877.647.9090 or umgiftsec@umich.edu.