Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Robert Morris University. If you have owned the stocks or securities for more than one year, you are entitled to a charitable income tax deduction for the fair market value of your gift to the fullest extent permitted by law.
By electronic transfer - Electronic transfer through your securities broker may be transferred electronically via DTC (Depository Trust Company) from your broker to the Robert Morris University account at RBC Wealth Management. Please instruct your broker/agent to transfer securities to:
Beth Rafferty, Senior Vice President & Branch Director
RBC Wealth Management
111 Rockville Pike, Suite 825
Rockville, MD 20850
Phone: 301-309-2623
Toll Free: 877-432-1024
Fax: 301-309-2681
DTC #0235
Account # 30625241
Robert Morris University
The transfer is effective when Robert Morris University receives the securities in its account at RBC Wealth Management. Please instruct your broker to call the Office of Institutional Advancement immediately at 412-397-5453 for acceptance of the gift and further instructions.
By certified mail - For delivery by mail of physical Stock Certificates registered in the donor's name, a transmittal letter identifying the security, quantity and intended purpose of gift should be mailed with physical stock certificates via certified mail, return receipt requested to: Robert Morris University, Office of Institutional Advancement, 6001 University Boulevard, Moon Township, PA 15108.
Gifts of securities mailed to Robert Morris University also require signed stock power forms. Please send the stock certificate and the signed stock power in separate envelopes to the above address. Each stock power form should be signed exactly as your name appears on the certificate. A separate stock power form is required for each issue or certificate of stock included in the transaction. Fill in "Robert Morris University" in the "sell/assign/transfer" section. Please do not fill in the "attorney to transfer" section. Transfer is effective at the postmarked date of the mailing.
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
If you have any questions about gifts of stocks and bonds, please contact us. We would be happy to assist you and answer any questions that you have.