Gifts of Securities

You can receive tax benefits by making a direct gift of appreciated stocks or bonds to Elon. With long-term appreciated securities (those held longer than 12 months), you will receive a charitable income tax deduction for the full fair market value of your gift. You will also avoid paying capital gains tax on the appreciation of your securities.

Elon maintains its securities account with Trust Company of the South in Burlington, N.C. Elon also maintains a number of clearing accounts to allow donors to transfer their securities through book entry (from your account to our account on the same day). Those accounts include the following:

BB&T Corporate Trust
R.W. Baird
Davenport & Company LLC
A.G. Edwards
Merrill Lynch
Scott & Stringfellow, Inc.
UBS/Paine Webber
Wachovia Securities

Gifts of stocks or bonds in certificate form may be mailed to: Elon University, Campus Box 2600, Elon, NC 27244. The stock or bond certificate(s) should be sent via certified mail. The registered owner should sign a stock/bond power and have the signature guaranteed. Typically, a bank or brokerage firm will have the Medallion Signature Guarantee Stamp that is required to complete this step. It is advisable to send that blank stock/bond power under separate cover so that the stock or bond certificate is not negotiable.

Click here to download a stock/bond power.

To make a gift of securities to Elon, or if you have questions, please contact Beverly McQueen, coordinator of gift records in the Office of Institutional Advancement, at (336) 278-7444 or bmcqueen@elon.edu.

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