Gifts of Securities
Support McMurry through publicly traded securities, shares of closely held companies, bonds, or government issues.
Ways to Give Assets
Choose the type of asset gift you are considering.
Gifts in Kind
Donate qualifying property, equipment, vehicles, and other goods that may support McMurry’s mission.
Considering a Gift of Assets?
Institutional Advancement can help you determine the appropriate next steps and ensure your gift is properly credited.
Gifts of Securities
Donors may support McMurry University with publicly traded securities, shares of closely held companies, bonds, or government issues. These gifts may be used to make an annual contribution, support athletics, or establish an endowed fund.
Electronic Transfer
Donors may transfer securities electronically from their brokerage account to McMurry University’s account through the Depository Trust Company (DTC). The University records the gift at its fair market value on the date of transfer.
Give your broker the DTC instructions below and a letter specifying the securities to be transferred. To ensure proper receipting, please also send a copy of the instruction letter to McMurry University.
Bobby Miers
LPL Financial
P.O. Box 6925
Fort Mill, SC 29716-6925
DTC #0075
FFC McMurry University
Account #4334-4636
Other Ways to Transfer Securities
Hand Delivery
When donors hand-deliver securities to McMurry University, the University records the gift at its fair market value on the date of delivery.
To transfer ownership, donors must complete a stock power, sign it precisely as the name appears on the certificate, and have the signature guaranteed by their banker or broker.
Mailing Securities
If securities are mailed to McMurry, the gift is generally valued using the date the securities were postmarked.
Stock certificates and signed stock powers should be mailed separately. Certificates should be sent by registered mail with return receipt requested.
Transfer Agent Certificates
If a transfer agent issues a new certificate in McMurry University’s name, the University records the gift on the transfer date shown on the new certificate rather than the delivery date.
How Securities Are Valued
Publicly Traded Securities
For securities regularly traded on a public stock exchange, the value of the gift is the average of the highest and lowest selling prices quoted for the security on the date of the gift.
Closely Held Securities
Shares of closely held companies may also be donated. Special IRS valuation requirements may apply, and donors are responsible for obtaining the information needed to comply with applicable IRS guidelines.
Gifts in Kind
McMurry may accept qualifying goods and property that support the University’s mission. Information about the donor and donated asset is required so the University can properly document the gift.
Information McMurry Needs
- Donor’s name, address, and telephone number
- Required donor identification information
- Brief physical description of the donated asset
- Explanation of the method used to determine fair market value
- Date and method by which the University or department acquired the asset
Valuation
Goods-in-kind donations over $5,000 that qualify for a charitable gift deduction are recorded at fair market value as determined by an independent appraiser hired by the donor.
For gifts of $5,000 or less, McMurry records the value declared by the donor or assigned by a qualified faculty or staff expert. If no value is provided, the donor record defaults to $1.
Vehicles and Other Titled Property
For gifts that require a title transfer, such as cars or boats, the title must be transferred directly to McMurry University.
Donors should consult their tax, legal, or financial advisers regarding the deductibility and tax consequences of charitable gifts. McMurry University does not provide tax or legal advice.
Questions About a Gift of Assets?
Contact Institutional Advancement before initiating a transfer so we can help ensure your gift is properly received and credited.