© 2004 Ursuline Sisters
of Louisville.
Saturday, May 17, 2008

 

 

Gifts of Stock

You may find that you can significantly increase the size of your gift to the Ursuline Sisters at no additional cost to you by giving appreciated securities that you have owned for more than one year.

This section walks you through the process for electronic and manual transfer of publicly traded shares of stock.

The legal name for the Ursuline Sisters:
Ursuline Society & Academy of Education (USAE)
The USAE taxpayer ID number:
610449662
Electronic Transfer
Gifts of stock can be made with your broker's assistance by electronic transfer. This process works for all publicly traded shares of stock. Simply request your broker to transfer the stated number of shares electronically to the USAE account, which they can get by contacting the Development Office at (502) 896-3938.

Manual Transfer
Stock certificates physically held in your possession can be gifted in whole or in part to the Ursuline Sisters. If you wish to make a partial gift of shares held in a certificate, you will need to send the shares back to the company's transfer agent and request that the shares be split into two certificates - one in your name and one in the name of Ursuline Society and Academy of Education. Your broker or bank officer can help with this process.

  • If you have the stock certificates in hand, mail the unendorsed certificate and a signed stock power (available from your financial services provider) in separate envelopes.
  • If you endorse the certificates over to Ursuline Society and Academy of Education using the form on the back of the certificate, be sure to send these registered mail.
  • Also, send a letter indicating that the shares are a gift to the Ursuline Sisters. The letter must be signed by all holders of record on the front of the certificate.

    Please mail the certificate(s) to:
    Sister Jo Ann Hauntz
    Ursuline Sisters of Louisville
    Finance Office
    3105 Lexington Road
    Louisville, KY 40206


All gifts of stock are valued at the average of the high and low price on the date of the postmark or the date they are deposited in the Ursuline Sister's account.

If your gift of stock is for a specific purpose or fund, please let us know. Otherwise, your gift will be credited to the greatest need of the Ursuline Sisters' Development Fund.

To confirm your gift and assure that you receive proper credit or if you have any questions or need special instructions, please contact:

Cathy Wachtel
Director of Development
3105 Lexington Road
Louisville, KY 40206
phone: (502) 896-3938
fax: (502) 896 3949
email: development@ursulineslou.org

 

Example of stock transfer:

A benefactor of the Ursuline Sisters purchased 100 shares of XYZ Corporation in 1989 at a cost of $1,000. Today the shares are worth $5,000 and pay less than 2 percent in annual dividends.

If this benefactor sold the stock, she would realize a $4,000 capital gain and owe as much as $800 in federal capital gains tax on the sale.

However, if she makes a gift of the stock to the Ursuline Sisters, she would receive gift credit for the full value of $5,000. She also avoids the $800 federal capital gains tax and receives a charitable income tax deduction. In addition, she makes a wonderful gift to the Ursuline Sisters.

The above example is for illustration only. You should consult with your financial advisors to determine the best scenario for your personal situation.