Gifts of Stock 


A gift of appreciated stock can be an excellent way for you to support the LSU Foundation, avoid a capital gains tax and take a charitable deduction. Outright gifts of marketable securities for current operations or endowments can be made in several ways. Please consult your tax professional for advice related to your particular financial situation. If you have questions about making a gift of stock, please contact: 

Kate Spikes, Chief Financial Officer 
Office: 225-578-4165 
kspikes@lsufoundation.org

 

You should advise the broker that you want to make a gift to LSU Foundation. Preferably, this request should be in the form of a letter containing the following information: 

  1. name of the stock 
  2. number of shares 
  3. your name and address 
  4. gift purpose (what the stock will be used to support) 

The stock gift will be made to the LSU Foundation (federal tax I.D. 72-6020969) for the use of beneficiary colleges, departments and programs within LSU or the LSU Foundation. Your letter should state the specific purpose of the gift. It is advisable for you to copy the LSU Foundation within the letter and to overnight the letter to: 

LSU Foundation 
3796 Nicholson Drive 
Baton Rouge, LA 70802

If the LSU Foundation has an account with the same broker, you can have the stock transferred on the broker’s books. The LSU Foundation has the following accounts: 

MorganStanley/Smith Barney 
Account # 784-115005-011 

Raymond James 
Account # 25864015 

Merrill Lynch 
Account # 514-04278 

If the LSU Foundation does not have an account with your broker, you should transfer the stock to the LSU Foundation’s MorganStanley/SmithBarney account. Smith Barney’s DTC number is 0015. Our contact at MorganStanley/SmithBarney is Jay Rousseau, 225-237-3110 or (fax) 225-237-3105. Merrill Lynch's DTC number is 8862 and Raymond James' DTC number is 0725.

The unendorsed certificate should be sent via Federal Express or a similar guaranteed overnight delivery service to the LSU Foundation. You must also send a properly executed stock power, in blank, to the LSU Foundation. The stock power must be sent separately from the stock certificate and signed identical to the way that your name is shown on the stock certificate. You do not need to have the stock certificate reissued in the name of the LSU Foundation.

A gift of mutual fund shares must be handled differently and requires additional processing time. For instructions, contact Kate Spikes. In order for you to receive a tax deduction for a specific year, the following requirements must be met: 

  1. If you physically deliver the certificate to us, a representative of LSU Foundation must have physical possession of the certificate by the end of the day on December 31.
  2. If you mail the certificate to us, the certificate and the stock power must be postmarked on or before December 31.
  3. If transferred on the books of the broker, the transfer must be shown on the books of the company; to accomplish this, you or your broker must make the transaction with the company by the end of the day on December 31.