Making Gifts of Securities
to Naropa University

Why Give Securities?

Often, donors can make larger gifts and avoid capital gains tax by giving appreciated property to Naropa University. This is most commonly done with publicly traded stocks, but may also be done with real estate, mutual funds, restricted stock or other real property.

We recommend transferring the stock or other appreciated asset directly to Naropa University rather than selling the asset first. Doing so will enable you to avoid paying tax on any capital gains and will enable you to take a charitable contribution tax deduction for the full appreciated value of the asset. As a 501(c) (3), Naropa is not taxed on the sale of the asset, so the full value of the gift supports your intended purpose.

How to Make a Transfer

Instruct your broker to transfer the security electronically to: DTC #0141, First Clearing Corp. Wachovia Securities F/C/A 4D025733-4179, in the name of Naropa University. Please call (or ask your broker to call) the Naropa University Advancement Office to inform us of the purpose of your gift and the details of the transfer. If you need to speak with Wachovia directly, the number is 303-441-0664.

The value of your charitable contribution is the average of the high and low market price for the stock on the documented day of the transfer multiplied by the number of shares. (NAV is used for mutual fund valuation.) The gift acknowledgment you receive for tax purposes from Naropa will reflect that average. All gifts to Naropa University are fully tax deductible as provided by law.

Publicly Traded Securities

Securities which are traded on the New York, NASDAQ and American Stock Exchanges, or other readily marketable securities, are accepted by Naropa University. Securities will be immediately sold by Naropa University.

If you would like to make a gift of non-publicly traded securities, such as those from closely held businesses, please contact the Naropa University Advancement Office.

Make a Gift to Naropa now!