Make a Gift of Securities Kansas City University of Medicine and Form

What is the Make A Gift Of Securities Kansas City University Of Medicine And

The Make A Gift Of Securities form is a specialized document used to facilitate the donation of securities to the Kansas City University of Medicine and Biosciences. This form allows individuals to transfer ownership of stocks, bonds, or mutual funds as a charitable contribution. By donating securities, donors can support the university's mission while potentially benefiting from tax advantages, such as avoiding capital gains taxes on appreciated assets.

How to use the Make A Gift Of Securities Kansas City University Of Medicine And

To use the Make A Gift Of Securities form, donors should first gather relevant information about the securities they wish to donate, including the type of security, its current value, and the brokerage firm handling the transfer. Once the form is completed, it should be submitted to the appropriate department at the Kansas City University of Medicine and Biosciences. This ensures proper processing and acknowledgment of the gift.

Steps to complete the Make A Gift Of Securities Kansas City University Of Medicine And

Completing the Make A Gift Of Securities form involves several key steps:

• Identify the securities you want to donate.
• Fill out the form with accurate details, including your name, contact information, and the securities' specifics.
• Sign the form to authorize the transfer.
• Submit the completed form to the university’s designated office.

Legal use of the Make A Gift Of Securities Kansas City University Of Medicine And

The Make A Gift Of Securities form is legally binding, signifying the donor's intent to transfer ownership of the specified securities to the Kansas City University of Medicine and Biosciences. It is essential for donors to understand the legal implications of their gift, including any tax consequences and the need for proper documentation to ensure compliance with IRS regulations.

IRS Guidelines

When donating securities, it is important to adhere to IRS guidelines to ensure that the donation qualifies for tax deductions. Donors should keep records of the securities' fair market value at the time of the donation and obtain a written acknowledgment from the university. This documentation is crucial for tax filing purposes and may be required if the donation exceeds a certain value.

Required Documents

To successfully complete the Make A Gift Of Securities form, donors typically need to provide several documents:

• The completed Make A Gift Of Securities form.
• Proof of ownership of the securities.
• A recent statement from the brokerage firm detailing the securities' value.

Eligibility Criteria

Eligibility to use the Make A Gift Of Securities form generally includes individuals who own securities and wish to make a charitable donation to the Kansas City University of Medicine and Biosciences. Donors should ensure that the securities are held in a brokerage account and are not subject to any restrictions that would prevent their transfer.