Gifts of Appreciated Securities
Your gift of appreciated securities—such as stocks, bonds, shares in a mutual fund, or securities that you have owned for more than 12 months—impacts the Law School and gives you a charitable income tax deduction at full-market value without any capital gains taxes.
In addition, you may be able to deduct up to 30% of your adjusted gross income in the year in which you make your gift and carry over an unused deduction for up to an additional five years.
How Do I Value My Stock?
The Law School values your gift of publicly traded securities on the day it is received by the law school. The value of your gift will be the fair-market value at the date of your gift.
You can donate fewer shares of stock than the number printed on the stock certificate by requesting your broker to simply split the certificate, with a portion of the shares going to the law school as a tax-deductible donation, and the remainder certified by a new certificate.
Giving Closely Held Stock
You can also give closely held or restricted stock. Please contact the Office of Alumni Relations & Development for more information.
A higher rate, close to ordinary income tax rates, is applied for property held less than a year. A lower rate, which is currently at 15%, is applied for property held more than a year. Please contact us to discuss your intentions further.
How to Make Your Gift
To make a gift of appreciated securities, please contact a staff member in the Office of Alumni Relations & Development by phone at 312.360.2663 or by email at email@example.com to let the Law School know the stock name and the number of shares we may expect.
You may also send an inquiry by mail to:
UIC John Marshall Law School
Office of Alumni Relations & Development
300 S. State Street
Chicago, IL 60604
If you are considering making a gift of appreciated securities, please consult with your tax attorney or accountant.
We truly appreciate your generosity.