Redefining the Classroom

Giving Stocks or Securities

A gift of appreciated stocks is an unique way to give to Lake Superior State University. If you are considering a donation through a stock or securities sale, there are many tax advantages.

Among the many potential tax advantages, you’re entitled to a federal income-tax charitable deduction when you file an itemized return. When the donated items have been held for 12 months or longer, you may claim a deduction for their full fair-market value, and after appreciated securities are donated, you avoid paying tax on the capital gain.

For depreciated stock and securities, it is generally advisable not to donate them but rather to sell them to establish a tax loss and then donate the proceeds to Lake Superior State University.

Note: Always seek the advice of your tax consultant to maximize your benefits.

How do you donate stock and securities to LSSU?

Contact your broker with the following information:

Bill McLeod
Edward Jones Investments
939 East Portage Avenue
Sault Ste. Marie, MI 49783
906-632-4985 (office)
877-222-4065 (fax)

The DTC number is: 0057
Our account number is: 498-03736-1-9
Our tax identification number is: 38-2576021

Here is a sample of a stock transfer letter: click here

NOTE: An electronic transfer of stock to the LSSU Foundation will NOT identify the donor at the time of trade. Please help us to give you proper credit and acknowledgment by notifying us of your donation

It is the policy of the LSSU Foundation to sell stock upon receipt.