Gifts of Stock or Securities

Your impact on students and the university can be enhanced by the donation of appreciated securities or closely held stock. Such a contribution could qualify for an income tax deduction and help you reduce or avoid capital gains taxes. 

To donate stock, please instruct your broker to “DTC” the donated securities from your account to Central Michigan University’s brokerage account at Stifel in Midland, Michigan, using the following information:

Stifel
DTC #0793
Account #76326444
Federal ID #38‐6004447
Contact: Dennis Stolz, 989‐941‐3507

Your gift date will be the date CMU’s account is credited with ownership of the stock. The share price for securities traded on an exchange will be determined by using the IRS method of calculating the average of the high and low price of the security on the gift date.

For more information, contact Heather Tubbs or call her at 989-774-3312.