Receive a Tax Deduction for Using These as Gifts
Securities and mutual funds that have increased in value and been held for more than one year are one of the most popular assets to use when making a gift to the University of Alabama at Birmingham. Making a gift of securities or mutual funds to us offers you the chance to support our work while realizing important benefits for yourself.
When you donate appreciated securities or mutual funds you have held more than one year to us in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
Securities are most often used to support our work in the form of:
An outright gift. When you donate securities to UAB, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent.
A transfer on death (TOD) account.* By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime.
Click on the links below to see the additional ways to fund your gift:
- A gift in your will or living trust.
- A donor advised fund.
- A memorial gift.
- An endowed gift.
- A charitable gift annuity.
- A charitable remainder trust.
- A charitable lead trust.
*State laws govern payable on death accounts. Please consult with your bank representative or investment advisor if you are considering this gift.
- Contact the Office of Planned Giving at (205) 996-7533 or email@example.com for additional information on appreciated securities.
- Seek the advice of your financial or legal advisor.
- If you include UAB in your plans, please use our legal name and federal tax ID.
Legal Name: The Board of Trustees of The University of Alabama for The University of Alabama at Birmingham
Address: 1720 2nd Avenue South, AB 1270, Birmingham, AL 35294-0112
Federal Tax ID Number: UAB Tax I.D. Number: 63-6005396 UABEF Tax I.D. Number: 63-6155094
QUESTIONS? I CAN HELP.
Kimberley S. Coppock, J.D.
Director of Development
Office of Planned Giving
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.