Stocks and Securities

Stocks and Securities

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

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

Donating appreciated shares of marketable securities like stocks, bonds and mutual funds can be an attractive, tax-wise alternative to a cash contribution. Benefits to you may include: 

  • You may have lower out-of-pocket costs for your contribution. 

  • You may avoid capital gains tax by giving the appreciated securities directly to Rush to sell. 

  • You may take a charitable income tax deduction, as defined by law, equal to the value of the donated securities on the date the gift is irrevocably received by Rush. 

Electronic transfer 

Contact your financial advisor/broker and request shares be transferred from your account to the appropriate Rush account at Northern Trust via the Depository Trust Company (DTC). 

  • Rush University Medical Center Tax ID #36-2174823 

  • Rush Copley (Medical Center) Foundation Tax ID #36-3093877 

Follow the instructions listed below to execute the electronic stock transfer:  

  • Rush University Medical Center’s DTC participant number is 2669.

  • Rush Copley Medical Center’s DTC participant number is also 2669.

  • Stock should be transferred directly to either:

    • Rush University Medical Center’s account at Northern Trust — #26-19328

    • Or Rush Copley Medical Center's account at Northern Trust — #44-83894

  • Write a confirmation letter to the Office of Philanthropy at Rush. Please include the following: 

    • 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. 

    • The gift’s intended purpose. 

  • Please send your confirmation letter to one of the following addresses or emails: 

    • Olga Bugarin, Director, Gifts and Records Management 
      Rush University Medical Center 
      1201 W. Harrison St., Suite 300 
      Chicago, IL 60607-3319 

    • Alex Pope, Chief Development Officer
      Rush Copley Medical Center
      2000 Ogden Avenue
      Aurora, IL60582

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 the appropriate address above, and we will forward it to Northern Trust. Please complete and sign the back of the certificate and include the signed stock power under separate cover. Once all information is received, the signed stock certificate and stock power will immediately forward under separate cover to Northern Trust. 

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

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

 

Questions? Please contact the following staff:

  • Olga Bugarin, Rush University Medical Center director of gifts and records management, at (312) 942-6117 or olga_bugarin@rush.edu.
  • Alex Pope, Rush Copley Medical Center chief development officer at (630) 978-4946 and alexander.pope@rushcopley.com.