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This document outlines how to make a gift of appreciated securities to the University of Rhode Island and includes instructions for donors on transferring securities and providing necessary information.

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What is gifts of securities support?

Gifts of securities support refers to the act of donating securities (stocks, bonds, mutual funds, etc.) to a charitable organization or nonprofit. It allows individuals to support their preferred causes by giving these financial assets instead of cash.

Who is required to file gifts of securities support?

The individuals or entities who are required to file gifts of securities support are those who have made a charitable contribution of securities that exceeds a certain threshold set by the tax laws of their country. The specific requirements may vary depending on the jurisdiction.

How to fill out gifts of securities support?

To fill out gifts of securities support, you typically need to gather all the relevant information about the donated securities, including their description, value, date of contribution, and the recipient charitable organization's details. This information is then reported on the appropriate tax forms or documentation as required by the tax authorities.

What is the purpose of gifts of securities support?

The purpose of gifts of securities support is to provide individuals with a tax-efficient way of supporting charitable causes. By donating appreciated securities instead of cash, donors can potentially receive tax benefits, such as capital gains tax deductions and avoidance of tax on the appreciation of the securities.

What information must be reported on gifts of securities support?

The specific information that must be reported on gifts of securities support can vary by jurisdiction. Generally, it includes details about the donated securities (e.g., type, number of shares, fair market value), the date of contribution, and the recipient organization's information (e.g., name, address, tax ID). Additionally, any capital gains or losses associated with the donated securities may also need to be reported.

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