Gifts of securities such as stocks or other appreciated assets can be a great tax-efficient method for making a gift to Brown. In most instances, you can take a tax deduction for the full market value of the gift and avoid any capital gains tax.
Here is a quick guide to ensure the successful execution of your unrestricted, publicly-traded securities.
If you physically hold the shares:
The stock certificate and a stock power must be sent to the Brown University Investment Office. Your stock power must include a guaranteed signature. For security reasons, this information should be sent in a separate envelope from the stock certificate. Both items should be sent to:
Providence, Rhode Island 02912
If the stock is held in a brokerage account, and the stock is simply being transferred:
for the benefit of Brown University
If using this method, please notify the Investment Office by sending a copy of the transfer instructions via email to [email protected] or fax a copy to +1 (401) 867-3996. This allows the gift to be identified when it arrives. If you physically hold the shares, we need to receive the stock certificate and a stock power. This stock power must include a Medallion Signature Guarantee and should, for security reasons, be sent in a separate envelope from the actual certificate. Both items should be sent to the following address: Brown University, Investment Office, Box C, Providence, Rhode Island 02912, USA. If you have any questions, please contact the Investment Office at 401-867-3976.
If the stock is foreign or you are transferring mutual fund shares:
To ensure that the stock or mutual fund shares will be accepted, please notify the Investment Office at +1 (401) 867-3976, or via fax at +1 (401) 867-3996, of all security details. The Investment Office will give you appropriate instructions and date for delivery.
If you have any further questions, please contact the investment office at +1 (401) 867-3976.