Gifts of publicly traded securities can be used to support a cause or program you care about while offering you certain benefits. Stock gifts with appreciated value allow you to avoid capital gains taxes and provide you with a tax deduction.
Here is the information you will need for the University of Massachusetts Amherst for the transfer of stock to the university’s broker Mellon Bank, Boston, DTC# 901.
For donations designated to a UMass Foundation scholarship/endowment, use account number 505043. For donations designated to a UMass Amherst Campus account, use account number 505971.
Please contact the Records & Gift Processing Office with information regarding your securities donation before the transfer is initiated. This will help the transfer go through smoothly.
Suzanne M. Reder-Delano
Records & Gift Processing