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Giving to Rush Gifts of Stock and Securities

Donating appreciated shares of marketable securities like stocks, bonds and mutual funds is an attractive, "tax-wise" alternative to a cash contribution. Benefits include the following:

  • Lower out-of-pocket costs for your contribution
  • Avoidance of capital gains tax by giving the appreciated securities directly to Rush to sell
  • A charitable income tax deduction, as defined by law, equal to the value of the donated securities on the date the gift is irrevocably transferred to Rush

Electronic Transfer
The simplest way to make a gift of stock or other negotiable securities is to contact your broker and request that shares be transferred from your account to Rush’s account at Northern Trust via the Depository Trust Company (DTC).

To execute an electronic stock transfer, use the following:

  • The DTC participant number for Rush University Medical Center is 2669
  • Stock should be transferred directly to the Medical Center’s account at Northern Trust (#26-19328)
  • To ensure proper recording and timely acknowledgment of stock gifts, a confirmation letter should be faxed or mailed to the Office of Philanthropy at Rush. Please include the name of the donor and of the security (with CUSIP number, if available); the number, type of shares (i.e. common or preferred) and date transferred; and the gift’s intended purpose

Please direct your confirmation letter to
Olga Bugarin, Development Operations
Rush University Medical Center
1700 W. Van Buren St., Suite 250
Chicago, IL 60612
Phone: (312) 942-6117
Fax: (312) 942-5581

The transaction date, for gift verification purposes, is the date shares are electronically transferred to Rush’s account at Northern Trust.

Stock Certificates
If you prefer to donate securities held in physical form, please send the certificate to our address above, and we will forward it to Northern Trust. You may need to complete and sign the back of the certificate first and include the signed stock power under separate cover.

The transaction date, for gift verification purposes, is the date when Rush receives both the stock certificate(s) and an executed stock power.

Whichever method of transfer you choose, we recommend that the market value be determined in cooperation with your tax preparer for income tax purposes.


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