Which University of Texas institutions can I make a gift of securities to?
The Board of Regents of The University of Texas System accepts gifts of securities on behalf of all UT member institutions:
- University of Texas at Arlington
- University of Texas at Austin
- University of Texas at Dallas
- University of Texas at El Paso
- University of Texas of the Permian Basin
- University of Texas Rio Grande Valley
- University of Texas at San Antonio
- Stephen F. Austin State University
- University of Texas at Tyler
- University of Texas Health Science Center at Houston
- University of Texas Health Science Center at San Antonio
- University of Texas M. D. Anderson Cancer Center
- University of Texas Medical Branch at Galveston
- University of Texas Southwestern Medical Center
- University of Texas System Administration
How is my gift of securities valued?
For internal record-keeping purposes, UT System institutions use recommended IRS guidelines to assign a value to a gifted security, calculated using the average share price of the security on the date of transfer multiplied by the number of shares received. If the gift is intended as a payment on a pledge commitment, this same valuation is applied to the pledge balance (not the net proceeds of the sale of the security).
Please note that, pursuant to IRS Publication 1771 “Charitable Contributions Substantiation and Disclosure Requirements” issued December 21, 1993, the determination of value of any gift other than cash is the responsibility of the donor. As with any charitable gift, we recommend you consult with your tax advisor when considering a gift of securities.
Will I get a tax receipt?
The benefiting UT institution will provide the donor with a tax receipt and gift acknowledgement. The UT System itself does not provide these tax receipts.
Is my gift of securities tax-deductible?
For long-term securities (held for more than one year), tax law permits a charitable deduction of the current full fair market value of the securities, up to 30% of the donor’s adjusted gross income. In addition, the securities are not subject to a tax on the capital gain when sold by UT System Board of Regents. Short-term securities (held for one year or less) are considered ordinary income property by the IRS, and a charitable deduction may be taken only for the original cost of the securities.
As with any charitable gift, we recommend you consult with your tax advisor when considering a gift of securities.
Why can't I gift securities directly to my UT institution of choice? Why do I have to go through the UT System Board of Regents?
The UT System Board of Regents’ Rule 60101 designates the UT System Office of External Relations as the only entity authorized to handle gifts of securities for any of our component institutions.
Some UT institutions have affiliated foundations that may also be able to accept gifts of securities. To find out more, please contact the institution directly.
Are there any UT programs I can't gift securities to?
Certain UT institution programs may operate as distinct legal entities, such as affiliated foundations and certain student groups or societies. Please contact the institution directly for more information.
I am a broker and require verbal confirmation of transfer instructions. Who can provide this?
To receive verbal confirmation of our transfer instructions, please call 512-579-5142.
I have additional questions. Who can I contact?
To receive transfer instructions, please visit the Request for Transfer Instructions page and complete the requested information.
For other questions, please email stock@utsystem.edu or call 512-579-5142.
