Appreciated assets, such as stocks or mutual funds that have been held longer than one year and have appreciated in value, may be donated to WAMU’s Bluegrass Country and may provide you with tax savings. When you give appreciated assets, you avoid paying capital-gains tax on the increased value of your stock.
You may also be entitled to a charitable deduction based on the stock’s current value. Contributing stock is a great way to enjoy membership in WAMU’s Bluegrass Country with associated benefits. When considering gifts of stock, we recommend you consult with your financial advisor.
How to donate stock to WAMU’s Bluegrass Country
When providing instructions to your broker, please be sure to have the stock transfer clearly designate the donation to WAMU’s Bluegrass Country. Our legal name is American University (WAMU). Our tax identification number is 53-0196549. Your broker will need the following information:
- DTC# 0015
- Account # 504-111087, for the benefit of American University (credited to WAMU’s Bluegrass Country)
- Morgan Stanley Smith Barney LLC, 1850 K St. NW, Suite 900,Washington, DC 20006
- Broker: David A. Stuart, (202) 861-5028 or david.a.stuart@mssb.com
- Alternate contact: Kevin D. Nee, kevin.d.nee@mssb.com
If you are transferring a mutual fund asset, please contact WAMU before initiating that transaction. Mutual funds require special handling.
It is important to notify WAMU when you have completed your request to your broker. Please alert WAMU directly of your pending stock donation (including the company and number of shares) so that we can credit your gift in a timely and accurate manner. To ensure proper gift identification, contact Debbie Eliason at (202) 885-8904 or email to deliason@wamu.org.
