Donating appreciated shares of marketable securities like stocks, bonds and mutual funds can be an attractive, tax-wise alternative to a cash contribution. Benefits to you may include:
You may have lower out-of-pocket costs for your contribution.
You may avoid capital gains tax by giving the appreciated securities directly to Rush to sell.
You may take a charitable income tax deduction, as defined by law, equal to the value of the donated securities on the date the gift is irrevocably received by Rush.
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Contact your financial advisor/broker and request shares be transferred from your account to the Rush account at Northern Trust via the Depository Trust Company (DTC).
º£½ÇÔ´´ Tax ID #36-2174823
Follow these instructions to execute the electronic stock transfer:
º£½ÇÔ´´â€™s DTC participant number is 2669.
Agent Bank — 20290
Institution ID — 26724
Stock should be transferred directly to Rush University Medical Center’s account at Northern Trust — #7006270
Write a confirmation letter to the Office of Philanthropy at Rush. Please include the following:
Name of the donor and of the security with CUSIP number, if available.
The number, type of shares — i.e., common or preferred — and date transferred.
The gift’s intended purpose.
Please send us the confirmation letter:
By mail:
Brandy Isaacs, Director, Gifts and Records Management
º£½ÇÔ´´
1201 W. Harrison St., Suite 300
Chicago, IL 60607-3319By email: giving@rush.edu.
The transaction date, for gift verification purposes, is the date shares are electronically transferred to Rush’s account at Northern Trust.
Note: This account can accept non-USD securities (given constraints) and non-USD cash wires.
If you wish to donate a non-USD security, please inquire with our gift records management director, and provide the asset name SEDOL/ISIN and number of shares. Acceptance of such shares is dependent on certain constraints; however, we do have the ability to accept such donations.
If you wish to send non-USD currency wire payments, please also inquire with our gift records management director to obtain wire instructions.
Please contact Alex Pope for more information on how you can make a stock gift.
Alex Pope, Chief Development Officer
Rush Copley Medical Center
2000 Ogden Avenue
Aurora, IL 60504
alexander_f_pope@rush.edu
Stock certificates
If you prefer to donate securities held in physical form, please send the certificate to the appropriate address above, and we will forward it to Northern Trust. Please complete and sign the back of the certificate and include the signed stock power under a separate cover. Once all information is received, the signed stock certificate and stock power will immediately forward under separate cover to Northern Trust.
The transaction date, for gift verification purposes, is the date when Northern Trust receives both the stock certificate(s) and an executed stock power.
Whichever method of transfer you choose, we recommend the market value be determined in cooperation with your tax preparer for income tax purposes.
Questions? Please contact the following staff:
- For º£½ÇÔ´´ and Rush Oak Park Hospital
Claudia Leon Flood, º£½ÇÔ´´ assistant director of gifts and records management, at (312) 942-3080 or giving@rush.edu.
- For Rush Copley Medical Center
Alex Pope, Rush Copley Medical Center chief development officer at (630) 978-4946 or alexander_f_pope@rush.edu.