Gifts of Securities
Thank you for considering a gift of securities to support the MidAmerica Nazarene University Foundation. Gifts of securities often confer significant tax benefits on a donor. For example, contributions of appreciated securities held for over a year are generally deductible at market value, regardless of what the donor paid for them; moreover, the capital gains tax is avoided through such a gift.
To Make a Gift of Securities
To notify the MNU Foundation of a gift of securities, please contact the Associate Vice President listed below with complete donor information (name, address, phone number), the name and type of securities to be gifted (public, private, restricted, mutual fund, etc.), the number of shares, and the date you intend to make the gift.
Tim Keeton
Associate Vice President
2030 E College Way
Olathe, KS 66062
913.971.3600
877.496.8668
tkeeton@mnu.edu
Types of Transfers
1) DTC Transfer of Stock
To transfer securities to the MNU Foundation via the Depository Trust Company (DTC), please use the following instructions:
DTC #0188
MidAmerica Nazarene University Foundation
TD Ameritrade Account No. 757130391
Donor Name & Address:_______________________
It is very important to us that we appropriately acknowledge the generosity of our benefactors in a timely and accurate manner. It can be difficult to identify the donor after a gift of securities is processed, particularly in the case of an electronic transfer. Therefore, please ask your broker to include your name and address in the DTC transfer instructions, and also please inform our Associate Vice President, Tim Keeton, of your gift by email, phone, or letter (see contact information above).
In order to determine if a security gift is to be an unrestricted gift or to be applied to a specific use or purpose, please contact the Associate Vice President (see contact information above).
2) Mutual Fund Transfer
Mutual fund units cannot be electronically transferred via DTC.
The method used to transfer mutual funds to the MNU Foundation varies, depending on how the fund units are held:
- Mutual funds held in a TD Ameritrade account can be transferred directly to the Foundation’s TD Ameritrade account by journal entry.
- If your mutual fund is held with a brokerage firm other than TD Ameritrade, your broker should contact the Associate Vice President to arrange for the transfer (see contact information above).
3) Physical Delivery
Stocks and bonds may be sent to the MNU Foundation by certified U.S. mail with return receipt requested.
- If the donor is the registered owner of the certificate, a Stock and Bond Power signed by the owner, exactly as the name appears on the certificate, with a Medallion signature (which you can likely obtain through a bank or broker) must be provided. To ensure your security, please mail the certificate and Stock and Bond Power separately.
- If the stock or bond has already been registered to the MNU Foundation, no Stock and Bond Power is necessary. However, in order for the Foundation to properly credit the gift, a letter identifying the donor is essential.
- In instances where a stock or bond is to be registered to the MNU Foundation before it is mailed to us, you will be required to supply the transfer agent with the following mailing address and taxpayer identification number:
MidAmerica Nazarene University Foundation
2030 E College Way
Olathe, KS 66062
FEIN #48-0996330
Gift Valuation Date
1) Physical Securities
The gift valuation date for physical securities is determined by the postmark on the envelope used to mail the securities. For hand delivery of securities, the gift valuation date is the date the securities are turned over to Foundation representatives.
2) Electronic Transfers
The gift valuation date for securities sent to us via DTC is the date the securities are deposited into our TD Ameritrade account.
3) Mutual Fund Transfer
The gift valuation date for mutual fund units is the date they are deposited into our TD Ameritrade account.
Valuation Method
The value of a stock gift is calculated by averaging the high and low quoted selling prices for the stock as of the gift valuation date. The value of a bond gift is calculated by averaging the bid and ask prices for the bond as of the gift valuation date. The value of a mutual fund gift is calculated using the Net Asset Value (NAV) for the fund as of the gift valuation date.
Acknowledgment of Gift
As soon as a securities gift is received and matched to a donor, the MNU Foundation will send an acknowledgment letter stating the nature of the gift, the gift valuation date, and the gift valuation amount.
Please note: The MidAmerica Nazarene University Foundation is a non-profit corporation, solely benefitting an educational institution, and does not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational. We strongly encourage donors to seek counsel from their own legal and financial advisors. Please be aware that any information or documents shared by our staff cannot be used to avoid tax-related penalties.
