Donors
Donations of Stock
Making a gift of stock to support MUM can save taxes twice. A gift of appreciated stock to the University eliminates the capital gains tax on the appreciated value of the stock if you have held the securities for more than one year. You will also receive an income tax deduction for the full market value of the donated shares at the time of the gift.
If your shares of stock are in a brokerage account, you will need to provide your broker with the following information:
DTC #0158, Code 40, Penson Financial Services, Inc., for the benefit of Maharishi University of Management, Account #729-10131.
If you would like to speak to our broker, please contact:
Martin McNeill
R.F. Lafferty & Co., Inc.
80 Broad Street, 26th Floor
New York, NY 10004
Phone: (800) 426-3987
It is important when making gift of stock that you inform MUM in advance, so that the gift will be properly credited when received. To advise of an anticipated stock gift, please send a fax, letter, or e-mail to the Development Office with the following information:
- Your name
- Name of the stock gifted
- Number of shares
- Designation of the gift
- Approximate date of expected gift
Please send this information to:
Nick Rosania
Director of Development
Maharishi University of Management
Fairfield, IA 52557
641-470-1394
nrosania@mum.edu
If you have the stock certificate(s) in your possession or would like to gift a mutual fund, please contact the Development Office, by using the contact information provided above.
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