Gifts of Stock to the Medical University of South Carolina Foundation for thebenefit of the Medical University of South Carolina
The Medical University of South Carolina Foundation welcomes gifts of stock. With a stock gift the donor enjoys a tax deduction for the full value of the stock based on the average of the high and low prices for which the stock is selling on the day it is given to the Foundation.
There are three easy ways to give stock to the Medical University of South Carolina Foundation:
If the donor’s broker holds the certificates, he/she may call:
Henry Ravenel, Jr., Raymond James & Associates at 843-654-9176 to make a direct stock transfer. The Foundation’s Raymond James & Associates account number is 85734498 and the DTC number is 0725. The MUSC Foundation’s tax identification number is 57-6028985. The donor may also follow this procedure with a broker of choice where a MUSC Foundation account can be established, if none exists.
- The donor’s broker may call the Foundation’s Office at 843-792-3250 for instructions as to how to sell the stock and forward the proceeds. The broker should provide the Foundation with the donor’s name and the purpose of the gift.
- If the donor holds the certificates, the unsigned certificates should be sent by registered mail to Chief Executive Officer, Medical University of South Carolina Foundation, 18 Bee Street, P.O. Box 250450, Charleston, SC 29425. A stock power form should be signed (but not otherwise filled out) and mailed in a separate envelope to the Foundation at the above address.
It is always helpful for the donor to call the Foundation Office to advise that a stock gift is on its way. This alerts the Foundation to watch for the gift and assures it will be credited in a timely manner.